by Newsbreak Producer, Hoosen Ebrahim - The Financial Section Conduct Authority is concerned around the findings from its recent Financial Literacy Baseline study targeting the dangers of irresponsible and excessive gambling. The survey examines the financial knowledge, attitudes, and behaviors of adult South Africans as part of ongoing efforts to better understand, monitor, and promote financial literacy in the country. The authority says that youth between 18 and 25 years of age are at severe risk of becoming addicted to the practice. Head of Consumer Education at the Financial Section Conduct Authority, Lyndwill Clarke explains the seriousness of the situation