The National Liquor Traders Council says thousands of jobs could be at risk.
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South Africa’s official unemployment rate rose to 33.7% in the third quarter of 2026, but the figure excludes discouraged work-seekers and others outside the labour force. Broader measures put labour underutilisation at as high as 46.3%.
South Africa may soon see the social damage, madding visual noise and opaque financial machinery of online gambling expand into new, ostensibly more “respectable” terrain, through a profusion of local prediction markets.
They are facing 12 counts of fraud, tax evasion and violations of the Tax Administration Act involving an estimated R26 million.
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