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

PIVOT POINT: Leading SARS Forward

Newly appointed SARS Commissioner Dr. Johnstone Makhubu reflects on his journey through public finance, his early priorities, the compliance challenges ahead, and how SARS is preparing for a digital, cross‑border tax future.
7 May 4PM 35 min

Global Surge, Local Grind: April’s market review

Global equities delivered their strongest month since 2020, powered by megacap tech, while the JSE eked out a modest gain. Anchor Capital’s Peter Little joins us for his April review of markets.
7 May 4PM 14 min

How to Build Tax‑Free Wealth

TFSAs remain one of SA’s most powerful wealth-building tools—if used correctly. Vutlhari Nkuna from Concept Wealth explains contribution limits, lifetime caps, common mistakes, and how to choose the right long‑term investment mix.
7 May 4PM 11 min

Fuel spikes SA farming pressures.

Diesel is up more than R12/liter since January, squeezing margins across the agricultural value chain. FNB’s Paul Makube explains the impact on grains, livestock, and exports.
7 May 4PM 15 min

How Fuel Prices Shape SA’s Economy

Independent economist John Loos breaks down the ripple effects of fuel price hikes on households, inflation, retail, property, and the Reserve Bank’s policy path.
6 May 5PM 15 min