EBnet's Industry Insights

EBnet. Stream Industry Insights: Salem Nyati, Momentum


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The facts around the growth of gambling in South Africa are undeniable. In the 2024/25 financial year, South Africans wagered about R1.5 trillion on gambling – that’s about 20% of GDP – and works out to R4billion gambled every day. EBnet.Stream chats to Salem Nyati from Momentum about this pandemic – why people are gambling money they don’t have (even their student bursaries) and what better options might be. #Savings #FinancialConfidence #Gambling

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