Johannesburg:Communications and Digital Technologies Minister Solly Malatsi plans to engage with the Independent Communications Authority of South Africa (ICASA) to evaluate the effectiveness of safeguards for online gamblers and ensure operators comply with regulatory standards.
According to South African Government News Agency, Malatsi emphasized the importance of understanding what actions ICASA can take within its regulatory scope to monitor electronic communications networks and services facilitating access to gambling and betting products.
Addressing a gathering of leaders from government, broadcasting, sports federations, brands, and clubs at the annual Sport Business Forum, Malatsi highlighted his department's responsibility to ensure the safety of South Africans online, including in the realm of online gambling.
He noted the rapid growth of sports betting, driven by advancements in technology and smart devices, which presents significant revenue opportunities for teams, federations, and other stakeholders. However, he also underscored the need to consider the impact of online gambling in a country with high levels of poverty, unemployment, and low financial literacy.
Malatsi also discussed the broader implications of digital technology on the sports industry. He pointed out that while these technologies introduce challenges such as job displacement and privacy risks, they also offer benefits like new revenue avenues and enhanced audience engagement. The Minister highlighted the role of artificial intelligence in improving broadcasting and the potential of targeted advertising to expand commercial opportunities.
He further noted how digital advancements have fostered new audiences and revitalized school sports, providing more scouting opportunities for young athletes and emphasizing the importance of bridging the digital divide to make sports accessible to a broader audience.