The Feed SA
Daily Investor South Africa

Illegal mining, online gambling, and e-prostitution: Say hello to South Africa’s new economy

South Africa's economy has taken a shocking turn, with a new industry emerging that has ballooned to R300 billion in size, dwarfing the country's previously estimated GDP. This growth is largely attributed to the explosive expansion of illegal mining, which has now become a R60 billion industry, and online gambling, which has seen a staggering 390% increase between 2021 and 2025. The implications of this new economy are far-reaching, raising concerns about the country's moral and regulatory foundation.

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