Kaya 959 Kaya Biz

Online betting market explodes to twice the size of casinos.

Loading player...
GUEST – Nkoatse Mashamaite, Chief Compliance Officer at the National Gambling Board
The growth of online betting in South Africa has been astronomical since the Covid-19 pandemic.
In that year, revenue (more technically, gross gambling revenue) at traditional casinos nearly halved to R10 billion (from R19 billion). It has steadily recovered since then, and last year it neared R17.5 billion. But the days of growth at casinos are long gone.
Revenue in the five years between 2015 and 2019 barely moved (from R17.8 billion to R18.8 billion). Over that same period, the share of the market held by betting operators (racing, physical bookmakers and online) doubled from R4 billion to R8 billion. This saw its share increase from 17% to 27%.
21 Oct 2024 2PM English South Africa Business News · Investing

Other recent episodes

Leaky Pipelines & Broken Rungs: Fixing Gender Gaps in Investments

PPS Investments’ Fran Troskie breaks down why asset management still struggles with gender parity — from caregiving burdens to promotion barriers, wage gaps, and murky leadership pathways. A candid Women’s Month conversation on redesigning the industry for true inclusion.
18 Aug 1PM 16 min

Tax as Strategy: How Women Can Lead in a Volatile Economy

PwC’s Mbai Rashamuse joins our Women’s Month spotlight to unpack how tax can be a strategic lever for value creation — not just compliance. She explores financial sector shifts, inclusive leadership, and how women can shape Africa’s economic future through tax and governance.
18 Aug 1PM 16 min

Absa Delivers 8% Earnings Growth in Tough Conditions

Absa posts a resilient 1H26 performance with headline earnings up 8% to R12.8bn, ROE rising to 15%, and revenue growing 4%. We speak to Group FD Deon Raju about margin pressure, credit improvements, digital investment, and the bank’s outlook for FY26.
18 Aug 12PM 13 min

Sacci Confidence Edges Higher — But Is Sa’s Recovery Losing Momentum?

South Africa’s business confidence ticked up again, with SACCI’s July index rising to 125.4, its strongest level since March. Economist Richard Downing explains how the improvement was driven by higher new-vehicle sales, stronger merchandise exports, and lower energy prices, while inflation pressures and weaker precious-metal prices continued to weigh on…
18 Aug 12PM 10 min

Women Behind the Wheel: Breaking Barriers in Automotive Leadership

From SABC broadcaster to senior communications leader at Isuzu Motors SA, Iviwe Poti shares her journey through two male‑dominated industries: automotive and strategic marketing. She discusses navigating corporate spaces, shaping brand narratives across commercial vehicles, mentoring young women, and driving transformation in one of South Africa’s toughest sectors.
17 Aug 1PM 17 min
All episodes