1 min readBy Masabata Mkwananzi
Financial distress drives stokvel savers to gamble away their savings
More than half of stokvel savers have turned to gambling under financial pressure, while the NGB warns against using money meant for household needs and savings to bet.
By Masabata MkwananziSouth Africa
More than half of stokvel savers have turned to gambling under financial pressure, as the NGB’s figures reveal the scale of betting and the risks to household savings.
About this article
- Length
- 28 words · 1 min read
- Published
- October 20, 2026
- Byline
- Masabata Mkwananzi
- Source
- IOL