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Top 5 on Fin24: Online gambling the real world cup winner, Ramaphosa gives ministers 2 weeks for plan to ease consumer pain and BER cuts SA's growth outlook

iStock_sa economy – David McKay (editor) & team Top 5 on Fin24: Online gambling the real world cup winner, Ramaphosa gives ministers 2 weeks for plan to ease consumer pain and BER cuts SA's growth outlook Cape Town -A roundup of Friday's top economic and finance reads on Fin24. VAT, fuel price hikes: Ramaphosa givesministers 2 weeks for plan to ease consumer pain Governmentwill in two weeks’ time announce a package of economic measures to cushion thepublic from the crippling effects of high fuel price hikes and the VATincrease, President Cyril Ramaphosa said on Friday. He saidgovernment had acknowledged that the people were reeling from the effects offuel price increases which he said was among other factors imposed by thedepreciation of the rand. READ: VAT,fuel price hikes: Ramaphosa gives ministers 2 weeks for plan to ease consumerpain SA foreign-exchange reserves fall by $342m The SAReserve bank said on Friday that SA’s foreign-exchange reserve had decreased by$342m between the end of May and the end of June, from $43.36bn to$43.02bn.    The bank’sgross reserves, meanwhile, which include special drawing rights and goldreserves, decreased over the same time period from $51.14bn to $50.58bn. READ: SA foreign-exchange reserves fall by $342m The real world cupwinner? Online gambling The longer England captain Harry Kane and his team stay in the World Cup, the bigger the boost to the UK economy. But if there's one industry that stands to win whatever happens, it's betting. Industry bodies have in the past argued that opposition to ads is emotional rather than evidence-based. Dr Mark Griffiths, of Nottingham Trent University's gaming research unit, found otherwise. According to his research, normalisation of sports betting could hurt vulnerable sections of society: Some 70% of children have seen gambling ads on social media, according to the Gambling Commission; and problem gamblers mention advertising as a trigger.

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