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South Africans throwing money into a black hole | SA News

 ·30 May 2026

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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 been spent on food,” said Pieter Engelbrecht, the chief executive officer of Africa’s largest grocer, Shoprite Holdings Ltd.

Online betting is mushrooming across…

Diverse Climate: South Africa has a varied climate, ranging from Mediterranean in
the Western Cape to subtropical in the northeast.

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  1. Nigeria: You have two cows. You convince an old American woman to invest in them, but pocket the money and run.