The insurance sector has many products that provide a reward for regular saving. It’s a habit that many have forgotten in today’s Western benefits culture, where free housing, money, healthcare and even Motability cars mean there’s often little point in saving cash. But this piece from South Africa shows how different things are without the luxury of free goodies from the State. Fact is, savings can give you hope, and a chance to invest when the time is right.
Therèse Havenga, Head of Business Transformation at Momentum Savings has these thoughts;
Every week, somewhere in South Africa, a woman finishes selling tomatoes beside the road, counts the day’s takings and puts a few rand aside for a Lotto ticket. She knows the odds are against her. Still, until the draw, she can imagine school fees paid, debt cleared and money no longer being the first worry of the morning. She’s not simply buying a chance to win. For a little while, she’s buying the possibility of life being easier.
That’s the part of gambling we speak about least. Gambling doesn’t only sell the possibility of money. It sells the temporary relief from feeling financially trapped. It sells the hope that life can change. But when that hope is repeatedly bought through a betting app or Lotto ticket, gambling can quietly start posing as a financial plan.
The scale is growing. In 2025, Statistics South Africa reported that income from online gambling services had risen sharply between 2018 and 2023. The casino now sits in our pockets.
For many, gambling becomes a rescue fantasy: one lucky moment solving a problem that feels too big to solve otherwise. Gambling sells speed to people whose financial problems require time.
When debt consumes your income, saving R100 or R200 can feel pointless next to what you owe. A jackpot promises to close the distance between the life you have and the life you need. The maths will most likely be improbable, but emotionally it makes sense.
Placing a bet changes the conversation in your head from, “I don’t know how I’m going to get through this,” to “Maybe this is the moment everything changes.” Helplessness gives way to anticipation.
Occasional wins deepen the pull. Our minds don’t keep a neat record of every rand won and lost. We remember the rush, the near miss and the friend who turned R20 into thousands. The win becomes a story, while losses disappear into the next attempt.
Then comes chasing losses. The next bet no longer feels like a new risk, but a chance to undo the previous one. Stopping means accepting that the money is gone. Continuing postpones that truth. The most dangerous bet is often the one placed again because the last one lost.
The damage travels. Money meant for groceries, transport, rent or school fees doesn’t disappear alone. Its absence is felt at the dinner table, in unpaid accounts and by people who never bet. A private escape now becomes a family crisis.
That’s why “just stop” is seldom useful advice. If gambling has become a way of managing stress, shame or despair, removing the bet without addressing what lies beneath leaves a vacuum. Help begins by naming what gambling is expected to do: settle debt, restore hope, offer escape or win back what was lost.
Recovery starts by making the invisible visible. Add up every deposit, bet and withdrawal, not only the wins. Delete the apps, remove stored cards and unsubscribe from promotions. If temptation remains too close, ask gambling operators to block you through a self-exclusion programme. Tell someone you trust and seek support if needed. Gambling-related debt cannot be gambled away. It needs an honest repayment plan, not one final bet.
Hope is not the enemy. We all need to believe life can get better. But the danger begins when we ask chance to do the work of a plan. The first step is not another ticket, spin or final attempt. It’s placing your hope somewhere slower and less exciting, but far more powerful: in the next decision that’s still yours to make.
Imagine you had saved all the money you had lost.
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