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NOVOMATIC Africa PTY (LTD), a subsidiary of NOVOMATIC AG, has been a cornerstone of the South African gaming industry for nearly 30 years. Strategically located in Johannesburg, the company has spent the past three decades providing top-tier services and products, driving growth and innovation in the African market. Over the years, NOVOMATIC Africa has established […]
This Youth Month, the Financial Sector Conduct Authority (FSCA) is cautioning young South Africans about the perils of gambling. With addiction potential and severe financial consequences for families, the FSCA’s warning comes as the nation’s betting industry reports a revenue jump from R8.8 billion in 2019/20 to R23.7 billion in 2022/23. The surge in betting […]
The Federal Government of Nigeria is contemplating the introduction of excise duties in the telecoms, lottery, and gambling industries, as well as an increase in the Value Added Tax (VAT) rate. While plans to implement excise duties on telecoms and gambling have been delayed, the VAT rate hike is expected to be put into effect […]
