When Betting Is All You Have Left: Inside South Africa’s R1.5 Trillion Gambling Industry
Description
South Africa’s gambling industry just hit R1.5 trillion and it’s not just for fun anymore. Behind the flashing lights are stories of poverty, desperation, and survival. In today’s episode of The Readiness Report, Redi Tlhabi talks to Wendy Knowler, Consumer Journalist at News24, about how gambling has quietly become one of the country’s biggest social and economic fault lines.
This episode is brought to you by global investment manager Ninety One:
https://ninetyone.com/en/south-africa
Produced by Emilie Gambade, Joel Seboa & Bernard Kotze
Original Theme Music & Design by Bernard Kotze
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00:42 Personal Stance on Gambling
01:20 Gambling in South Africa: A Growing Crisis
01:59 Shocking Statistics and Research
02:45 Interview with Wendy Nola: Consumer Insights
03:38 The Impact of Advertising on Gambling
05:45 The Rise of Online Gambling
06:13 Personal Stories of Gambling Addiction
06:50 Economic Desperation and Gambling
10:28 Regulatory Environment and Accountability
11:15 Behavioral Engineering and Advertising
12:28 The Role of Banks and Self-Imposed Blocks
14:26 The Need for Legislative Action
25:04 Addressing the Gambling Crisis
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