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South Africa has a gambling problem, and it has exploded since the Covid-19 lockdowns.
Just take a look at the graph below, which shows gambling revenues across all platforms relatively flat from 2005 to 2019. In 2020, during the Covid lockdowns, it dropped by 28% in current prices. It has since climbed 220%.
Read: Sunbet now more profitable than cash cow GrandWest
SA gross gambling revenue 2005-2025
Not shown in the chart is the shift in gambling habits:
- Casinos (tables and slots) grew revenues by 26.1% in 2023, but has since gone into retreat, recording -4.1% revenue growth in the 2025 financial year;
- Limited payout machines (LPMs) grew revenues by 14.4% in 2023 but has…
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Husband-and-wife-led material science company Great Wrap is in administration, with a reported $39 million in debts, citing a slump in demand as retailers and FMCG businesses began to recycle plastic in-house.
Great Wrap was founded in 2019 by Jordy and Julia Kay, a winemaker and an architect respectively. They launched their first stretch wrap product to consumers in 2020, during the early days of the pandemic, and to positive media coverage.
The company received “hundreds of inbound corporate enquiries” following that, “had RFQs with the retailers and trials underway” and “the biggest FMCG companies begging for our product”, according to Jordy.
They targeted enterprise clients, raised $3 million through a…
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Families across North Carolina are waking up to find their medical debt gone. It’s happening across North Carolina, including right here in the Triad.WXII spoke with a Winston-Salem woman who says it is a huge weight lifted off her shoulders.Get the latest news stories of interest by clicking here Alicia Salazar says when she got word that her medical debt was forgiven, she couldn’t believe it. She says this clean slate is life-changing. “With how expensive everything is now, it’s nice to not have to pay several hundred dollars extra every single month,” she said. Back in March, Salazar had an exploratory laparotomy because her intestine was twisted in two places. She went to the ER in horrible pain…
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TOLEDO, Ohio (WTVG) – Drowning in bills? One smart move could help you breathe easier.
In this Watching Your Wallet, Sashem Brey lays out the do’s and don’ts of debt consolidation and how to make it work for you.
You can watch the full Watching Your Wallet above.
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Copyright 2025 WTVG. All rights reserved.
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Finance ministers and central bank governors from the world’s largest economies have reaffirmed their commitment to stabilising global growth, tackling debt vulnerabilities, and enhancing Africa’s voice in global financial governance.
The two-day meeting held in Washington, D.C., brought together key global policymakers amid an environment of persistent uncertainty, geopolitical tensions, and uneven post-pandemic recovery.
The G20 noted that the global economy remained resilient in the first half of 2025 but continues to face elevated uncertainty due to ongoing conflicts, supply chain disruptions, high debt levels, and climate-related shocks.
While disinflation is progressing across several economies, co-chair and South Africa’s deputy…
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Bally’s Corp. is facing pushback from its lenders as the gaming operator aims to amend a portion of a roughly $1.9B term loan with its under-construction Chicago casino as collateral.
A group of term lenders have joined a cooperation pact to block Bally’s attempt at a loan modification, citing concerns about the value of their collateral and future paydowns, Bloomberg reported.
A…


