The Shocking Rise of Gambling & Pension Withdrawals in SA
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GUEST – John Manyike - Old Mutual Group Head of Financial Education.
Old Mutual Group Head of Financial Education, John Manyike to join us to discuss a growing crisis affecting working South Africans – the increasing reliance on gambling and early two-pot withdrawals to survive financially.
The recently released 2025 Old Mutual Savings & Investment Monitor (OMSIM) paints a concerning picture of financial desperation:
52% of working South Africans are gambling – often to pay off debt or cover monthly expenses.
31% are already dipping into their pension funds through the two-pot system, risking long-term financial security for short-term relief.
Even though 96% say saving for retirement is important, the current economic pressure is forcing many to make difficult, sometimes risky, financial decisions.
Old Mutual Group Head of Financial Education, John Manyike to join us to discuss a growing crisis affecting working South Africans – the increasing reliance on gambling and early two-pot withdrawals to survive financially.
The recently released 2025 Old Mutual Savings & Investment Monitor (OMSIM) paints a concerning picture of financial desperation:
52% of working South Africans are gambling – often to pay off debt or cover monthly expenses.
31% are already dipping into their pension funds through the two-pot system, risking long-term financial security for short-term relief.
Even though 96% say saving for retirement is important, the current economic pressure is forcing many to make difficult, sometimes risky, financial decisions.
