A worrying new trend is spreading among South African workers

A growing number of South African workers are turning to gambling, with new research showing that 40% of working South Africans now gamble frequently.

According to insights from Old Mutual Corporate, many employees are increasingly using gambling as a way to cover monthly shortfalls, manage debt or try to improve their financial situation.

At a national level, Statistics South Africa estimates that more than half of what is classified as recreational spending, around 55%, is directed towards gambling activities.

Financial pressure driving the gambling trend

Keri-Lee Edmond, Head of Business Intelligence at Old Mutual Corporate, says the figures reflect the growing financial pressure facing many households.

“Our research shows that for many South Africans, this is no longer just about recreation or entertainment. Individuals are gambling to meet daily needs and expenses, pay off debt, or in an attempt to secure higher incomes,” Edmond said.

“What we are seeing is a society under strain. Short-term relief is consistently winning over long-term security because many employees simply do not have the financial reserves they need to cope.” she added.

Impact on the workplace

The rise in gambling is also raising concerns for employers, as financial stress increasingly affects employee wellbeing and performance.

Old Mutual Corporate warns that financially stressed employees may experience reduced focus, lower productivity and greater workplace strain, suggesting that household financial pressures are spilling into the workplace.

“This is no longer an individual challenge. It is a workforce-wide issue that employers need to factor into how they support their people,” Edmond said.

Edmond also noted that while gambling is more common among younger and lower-income workers, the behaviour is increasingly visible across income groups as rising living costs and debt pressure continue to affect households.