Casino Association of SA CEO Themba Ngobese discusses how illegal gambling is eating into the industry’s profit
Themba Ngobese is the CEO of the Casino Association of SA (Casa). BUSINESS DAY TV: Gambling revenues over the past year ticked up 6.7% to R18.2bn showing that the industry is just managing to keep pace with inflation, but while the industry feels the pinch of a slowing economy it did help generate a 36% increase in taxes and levies, which means the taxman could put R5.9bn to work to improve infrastructure and healthcare. So, while the casino industry in this respect is seen as vital to the economy, how much of a threat is illegal gambling, which could reduce the revenue that SARS (South African Revenue Service) is able to collect? For more detail we are joined by Themba Ngobese, he’s the CEO of the Casino Association of SA. Themba ... so it looks like this is a conversation that continues year after year, illegal gambling, and how its eating into revenues that you could be earning but also into tax revenues? What’s being done to stamp it out? Is enough being done? THEMBA NGOBESE: Ce...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.