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.

<p>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.</p>

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

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