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

Survey reveals that 95% of parents face financial strain during back-to-school season.

GUEST – Hayley Parry, Money Coach and Facilitator at 1Life’s Truth About Money As families prepare for the 2026 academic year, 1Life Insurance’s annual Back-to-School Survey reveals that stress and financial pressures remain a major concern for parents, despite encouraging signs of progress in budgeting. An overwhelming 95% of respondents…
12 Jan 2PM 11 min

Understanding Venezuela’s economy: where and how things fell apart.

GUEST – Prof. Adrian Saville, Gordon Institute of Business Science Venezuela sits on one of the world’s largest oil reserves, yet its economy resembles that of a country emerging from war. In this interview, Prof. Adrian Saville unpacks how decades of oil dependence, policy missteps, corruption, sanctions and institutional collapse…
12 Jan 2PM 16 min

Rand performance: Will the strength hold in 2026?

GUEST – Andre Cillier, Currency Strategist at TreasuryONE The rand has delivered one of its strongest performances in years, rallying around 13% against the US dollar to trade near R16.50 even as South Africa’s domestic economy shows clear signs of strain. In this interview, currency strategist Andre Cillier unpacks the…
12 Jan 2PM 13 min