Gambling surge strains retirement savings and prompts tax response
Old Mutual findings and industry commentary show gambling is reshaping spending, eroding savings, and drawing policy attention, with implications for employers and advisers.
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Treasury proposes 20% national online gambling tax to curb harm
The measure is expected to generate over R10bn, but Treasury says its primary aim is to deter harmful gambling behaviour.
South Africans need spending discipline to turn financial plans into reality
Fewer people are pausing contributions or dipping into investments, yet many doubt they’ll have enough for a comfortable retirement, according to the Savings & Investment Monitor.
Gambling surges as cash-strapped workers bet to make ends meet
Old Mutual warns that an increasing reliance on betting to pay bills or settle debt is eroding financial well-being.
Classic Financial Services director and wife’s R66m gambling spree
The estates of the son and former wife of the director of Classic Financial Services have been sequestrated.
