Pick n Pay Chief Executive Officer, Sean Summers, has raised serious concerns about South Africa's rapidly growing online gambling industry, warning that it is "out of control." He says tens of billions of rand are being drained from the local economy, money that could otherwise support jobs and small businesses. Speaking at an investor presentation, Summers urged the government to consider banning the marketing and advertising of online gambling. Channel Africa's Economics Reporter, Innocent Semosa, has more.

Pick n Pay Chief Executive Officer, Sean Summers, has raised serious concerns about South Africa's rapidly growing online gambling industry, warning that it is "out of control." He says tens of billions of rand are being drained from the local economy, money that could otherwise support jobs and small businesses. Speaking at an investor presentation, Summers urged the government to consider banning the marketing and advertising of online gambling. Channel Africa's Economics Reporter, Innocent Semosa, has more.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

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Africa in Business

Concerns raised over South Africa's rapidly growing online gambling industry

The African Summit on Entrepreneurship and Innovation, known as ASENTI 2026, is under way in Pretoria, South Africa.

The gathering brings together entrepreneurs, investors and policymakers to explore how innovation, technology and investment can drive business growth, create jobs and support sustainable economic development.  With artificial intelligence reshaping the world of work, some delegates say African entrepreneurs are well placed to adapt to the changes, develop new ideas and seize emerging economic opportunities.

Channel Africa's Economics reporter, Innocent Semosa, has more.

The African Summit on Entrepreneurship and Innovation, known as ASENTI 2026, is under way in Pretoria, South Africa.
The gathering brings together entrepreneurs, investors and policymakers to explore how innovation, technology and investment can drive business growth, create jobs and support sustainable economic development. &nbsp;With artificial intelligence reshaping the world of work, some delegates say African entrepreneurs are well placed to adapt to the changes, develop new ideas and seize emerging economic opportunities.
Channel Africa's Economics reporter, Innocent Semosa, has more.

African Summit on Entrepreneurship and Innovation, ASENTI 2026, under way in Pretoria

On our C-Suite feature today, we get to know Mr Lwazi Mboyi, CEO of the Cross Border Road Transport Agency.

He's one of those executives with vast experience in in the top of the corporate world especially in the State-Owned Enterprise - SOE sector. Being CEO of government institutions is not an easy job as they are constantly under the spotlight.  

Mr Mboyi spoke to Thami Ngubeni to share his journey and where it all started for him.

On our C-Suite feature today, we get to know Mr Lwazi Mboyi, CEO of the Cross Border Road Transport Agency.
He's one of those executives with vast experience in in the top of the corporate world especially in the State-Owned Enterprise - SOE sector. Being CEO of government institutions is not an easy job as they are constantly under the spotlight. &nbsp;
Mr Mboyi spoke to Thami Ngubeni to share his journey and where it all started for him.

Getting to know Lwazi Mboyi, CEO of the Cross Border Road Transport Agency

The Global Creative Summit is hosting its second edition under the theme: "VISA TO THE WORLD – BUILDING AFRICA'S CREATIVE ECONOMY: THE BLUEPRINT."

 The three-day continental gathering brings together government representatives, international dignitaries, investors, corporate leaders, development institutions, creative entrepreneurs, cultural practitioners, innovators, policymakers and emerging talents to advance Africa's creative economy as a significant driver of economic transformation, employment creation, entrepreneurship and international trade.

To tell us more on this and benefits for the continent, Thami Ngubeni spoke to Sinamandla Kwepile — Founder and Executive Director for the Global Creative Summit.

The Global Creative Summit is hosting its second edition under the theme: "VISA TO THE WORLD &ndash; BUILDING AFRICA'S CREATIVE ECONOMY: THE BLUEPRINT."
&nbsp;The three-day continental gathering brings together government representatives, international dignitaries, investors, corporate leaders, development institutions, creative entrepreneurs, cultural practitioners, innovators, policymakers and emerging talents to advance Africa's creative economy as a significant driver of economic transformation, employment creation, entrepreneurship and international trade.
To tell us more on this and benefits for the continent, Thami Ngubeni spoke to Sinamandla Kwepile &mdash; Founder and Executive Director for the Global Creative Summit.

Concerns raised over South Africa's rapidly growing online gambling industry

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