Insolvency Guardian Media Centre
At 7:30 on a Tuesday morning, while most of the city’s young professionals were settling into their office chairs or navigating Durban’s rush-hour traffic, one man sat quietly at a roulette table inside one of KwaZulu-Natal’s biggest casinos.
His eyes were fixed on the spinning wheel, a symbol of both hope and heartbreak.
“When I came to the casino, I had the intention of making money, but it didn’t work out for me,” he told IOL. “I played R300 on the tables and lost and R100 on a slot machine. I had no luck.”
He’s in his late twenties, educated, and has a transportation service business. He insists he’s not addicted, just ‘passing time’ and ‘trying his luck’. But like thousands of young South Africans, gambling has quietly become part of…
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At 7:30 on a Tuesday morning, while most of the city’s young professionals were settling into their office chairs or navigating Durban’s rush-hour traffic, one man sat quietly at a roulette table inside one of KwaZulu-Natal’s biggest casinos.
His eyes were fixed on the spinning wheel, a symbol of both hope and heartbreak.
“When I came to the casino, I had the intention of making money, but it didn’t work out for me,” he told IOL. “I played R300 on the tables and lost and R100 on a slot machine. I had no luck.”
He’s in his late twenties, educated, and has a transportation service business. He insists he’s not addicted, just ‘passing time’ and ‘trying his luck’. But like thousands of young South Africans, gambling has quietly become part of…
Read the original article here
At 7:30 on a Tuesday morning, while most of the city’s young professionals were settling into their office chairs or navigating Durban’s rush-hour traffic, one man sat quietly at a roulette table inside one of KwaZulu-Natal’s biggest casinos.
His eyes were fixed on the spinning wheel, a symbol of both hope and heartbreak.
“When I came to the casino, I had the intention of making money, but it didn’t work out for me,” he told IOL. “I played R300 on the tables and lost and R100 on a slot machine. I had no luck.”
He’s in his late twenties, educated, and has a transportation service business. He insists he’s not addicted, just ‘passing time’ and ‘trying his luck’. But like thousands of young South Africans, gambling has quietly become part of…
Read the original article here
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
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South Australian company, Spring Gully Foods, has ceased trading and appointed an administrator, citing the loss of key contracts, rising costs, and competition from cheaper imports as reasons behind its closure.
The company is known for its range of sauces, relishes, pickled onions and gherkins and has been operating for almost 80 years.
It employed around 34 people, all of which have been made redundant. Media reports over the weekend said another South Australian food manufacturer, Vili’s, was offering an employment lifeline to Spring Gully employees.
The company went into voluntary administration in 2013, with debts of more than $4.9 million, but was saved following an outpouring of public support to keep the business afloat….
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NSFAS, addiction and debt: how online betting hooks young South Africans IOL
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The collapsed developer behind the infamous Sirius building has potentially conducted over $10 million in uncommercial transactions and traded while insolvent for seven years, according to liquidator documents.
JDH Capital, run by former Macquarie banker Jean-Dominique Huynh, was wound up in July after the company failed to repay millions of dollars to the family of a Chinese billionaire.
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A record number of Americans are calling gambling helplines. Calls have surged over the past year. This increase coincides with the rapid expansion of legal sports betting across the nation. According to Reuters, state-sanctioned helplines reported a significant spike in volume.
The widespread legalization of online sportsbooks is a key factor. More people now have easy access to betting from their phones. This convenience has raised concerns among public health officials and support groups.
Helplines Report Unprecedented Volume and Shifting Demographics
Helpline operators are facing unprecedented demand. Some states have seen call volumes double. The demographics of callers are also changing. Younger adults are now a large portion of…
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One of Iran’s largest private banks has fallen into bankruptcy, with the assets of more than 42 million customers being absorbed by the Iranian state-owned lender, Bank Melli.
Ayandeh Bank declared bankruptcy on Thursday after it accumulated $5.1 billion in losses and nearly $3 billion in debt, local media outlet Iran International reported on Friday.
The bankruptcy was declared days after the Central Bank of Iran failed to rescue the bank, leaving officials with no option but to close it, which had operated 270 branches nationwide.
More than 42 million customers were affected, Iran News Update reported.
While CBI Governor Mohammad Reza Farzin assured Ayandeh customers that they will be able to recover their savings immediately, the…
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