The Debt Trap Behind South Africa’s R1.14 Trillion Gambling Boom

Loading player...
Guest: Dehan Scherman - Process Development & Change Manager, National Debt Advisors



South Africans wagered a staggering R1.14 trillion last year on par with the national education budget. But behind this extraordinary boom is a silent epidemic of debt. Gambling participation has doubled since 2017, with 74% of youth now gambling, often using credit cards, loans, or even selling possessions just to keep betting.



Dehan Scherman unpacks how online betting, relentless marketing, and 24/7 smartphone access are fuelling a dangerous cycle where households gamble to solve financial problems only to sink deeper into debt. He reveals the hidden costs beyond money, from broken families to mental health struggles, and offers practical steps families can take to protect themselves. For anyone feeling gambling slipping out of control, Sebastien also shares the very first step to getting help.
25 Sep 2025 4PM English South Africa Business News · Investing

Other recent episodes

Discovery delivers strong interim performance

Guest: Hylton Kallner Discovery today announced strong financial results for the six months ended 31 December 2025, delivering robust growth across both its operational composites – Discovery South Africa and the global Vitality composite – and advancing well ahead of its five year growth ambition. The period reflects the powerful…
3 Mar 2PM 9 min

TECH & INNOVATION: Cell C - Business Launch

Cell C Business is re-entering the B2B ICT market with a bold repositioning campaign titled “Nothing Should Stop Your Business”.Farhad Suleman, Managing Executive - Cell C Business provides deeper insight into the stunt activation and its strategic intent, and the broader campaign context.
3 Mar 2PM 13 min

King V, governance risk and access to capital for SMEs

King V is no longer just a governance code for listed giants, it is fast becoming a credibility test for every board that claims to apply it. As capital tightens and lenders scrutinise risk more closely, “apply and explain” is shifting from a compliance exercise to a legal and financial…
3 Mar 2PM 12 min

Future of the JSE

We’re joined today by Lesetja Kganyago, Governor of the South African Reserve Bank, for a timely conversation on the state of South Africa’s financial markets and the role of the Johannesburg Stock Exchange in a shifting global economy.
3 Mar 2PM 6 min

A transformational year as Nedbank positions for growth

Nedbank’s latest results reflect a three-part story of transformation, resilience and measured growth, delivered in an environment where economic recovery remains fragile but opportunity is slowly improving. Headline earnings rose 2% to R17.2 billion, return on equity remained solid at 15.4%, and the bank now serves 8 million clients for…
3 Mar 2PM 6 min