Tag Archives: South Africa

Andy MacKenzie of spread betting firm Spreadex reveals what spread betting punters are making of the Rugby World Cup. Rugby World Cup fever is about to envelope the nation and spread betters are also salivating at the prospect of six weeks of in-play betting opportunities, starting with England v Fiji on Friday. A total of 20 nations will compete in …

South Africa’s National Gambling Board (NGB) have been described as being in a “sorry state” by a report commissioned by the Department of Trade & Industry on irregularities which led to last years suspension of the board. The preliminary report presented by Dr Rob Davies to the Portfolio Committee on Trade & Industry, gave insight into the financial affairs of …

Andy MacKenzie, Marketing Communications Manager for sports and financial betting company Spreadex – the only bookmaker to offer fixed odds and spread betting from one account, takes a look at some of the trends that the spread firm has encountered during the Cricket World Cup. There have been thrills and spills galore so far at the Cricket World Cup with …

Accountancy firm PWC has stated that the South African government is unlikely to open and regulate its online gambling market, due to continued governmental stalling on the issue and concerns regarding gambling addiction. Nikki Foster Gambling Industry Leader for PWC South Africa, commented that South Africa’s government had been working to introduce online gambling regulations for the past decade, however …

Scott Longley, editorial director at Regulus Insights, analyses the concept of risk for dotcom operators and their investors. The 9% share price fall that prompted Playtech to issue a stock exchange statement late last week was only the most recent example of how listed gambling companies suffer more than most from the financial market phenomenon of risk on/risk off. This …

South Africa’s National Gambling Board is to be scrapped after controversy surrounding international expenses, according to Trade and Industry Minister Rob Davies. The minister said that the National Gambling Board – which spent R4.1m (£230,000) on travel in the last three years, including a trip to Las Vegas which cost over R1m (£56,000) – told Parliament that the organisation would …

South Africa’s Trade & Industry Minister Rob Davies has suspended the country’s National Gambling Board pending the outcome of a forensic investigation. The Trade & Industry ministry has confirmed its actions, stating that the National Gambling Board had been temporarily suspended pending further information. However it remained silent on its reasons for the actions undertaken. Spokesperson Sidwell Medupe says two …