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Africa’s CEOs warn online gambling is draining customer wallets

The Japan Times·Loni Prinsloo·22 days ago
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#africa#internet#gambling#iranwarendgame#sanaetakaichi#largest
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Oscar Bishop, ambassador of the South African Responsible Gambling Foundation

Oscar Bishop, ambassador of the South African Responsible Gambling Foundation | BLOOMBERG

Africa’s growing gambling use is sapping income that would ordinarily be flowing into groceries, entertainment and mobile phone bills.

The leaders of the continent’s largest companies are now warning about the harm the trend is inflicting on household budgets.

“People are spending money in a black hole that could have spent on food,” said Pieter Engelbrecht, the chief executive officer of Africa’s largest grocer Shoprite Holdings.

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