Banks warn surge in gambling is straining South Africans’ finances and credit risk
South Africa’s financial institutions are beginning to flag the effect of gambling on the financial well-being of their clients and on their decision-making. South Africans spent about R1.5-trillion on gambling in the 2024/25 financial year, according to the National Gambling Board, with many social grant and funded student beneficiaries using their allocations to gamble. Earlier…

