Mmegi

We need to get to grips with online gambling

Game on: Punters are constantly on their phones making bets on various sporting activities PIC: MICROSOFT BING ARTIFICIAL INTELLIGENCE
Game on: Punters are constantly on their phones making bets on various sporting activities PIC: MICROSOFT BING ARTIFICIAL INTELLIGENCE

The simple truth is that addiction, poverty and misery are at the core of the gambling industry, hardly a noble endeavour by any stretch of the imagination.

It is never certain that when answering a question at a company’s results presentation, it will capture quite so much attention. This is precisely what happened when I was asked for my view on the impact of online gambling on disposable income in South Africa at Pick n Pay’s results presentation on 27 October.

This may have appeared as an unrelated subject to retail, but that is to take one industry in isolation from another. The fact is, unchecked online gambling has a distinct and direct impact on disposable income and thus what South Africans are spending on food and groceries.

Editor's Comment
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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