MONEY MANAGEMENT
The untold truth: The financial burden of gambling in South Africa
As the boom in online gambling across the country gathers pace, the government is planning to hike taxes to contain addiction risks. According to Reuters, the government has proposed a national 20% tax on online gambling profits, which it says would more than double the revenue from the sector to 10 billion rand ($607 million) annually from 4.8 billion currently. The draft bill will be […]
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