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WATCH | Household debt crisis deepens as betting drains stretched budgets

Business Day TV spoke with Benay Sager, executive head of Debtbusters

Households are drowning in debt — and raiding pension savings to pay it off
Households are drowning in debt — and raiding pension savings to pay it off. (iStock)

Gambling activity is widespread among South African consumers seeking debt counselling, according to DebtBusters. The organisation notes that often money is diverted away from essentials such as food, transport and debt repayment to betting. To discuss this further, Business Day TV caught up with Benay Sager, executive head of Debtbusters.

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