The Money ShowNew gambling tax risks boosting illegal market, warns FMF
Stephen Grootes speaks to Ayanda Zulu, policy officer at the Free Market Foundation, about National Treasury’s proposal to introduce an additional 20% tax on online gambling. The FMF argues the move could backfire by pushing consumers toward unregulated offshore platforms, which already account for a significant share of online betting activity in South Africa. Industry data suggests millions of South Africans are interacting with illegal operators, raising questions about enforcement capacity and whether the proposed tax can realistically be applied to offshore entities.
The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.
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