Yggdrasil Boosts Its South Africa Presence With Two Partnerships

(AsiaGameHub) –   Yggdrasil Gaming has broadened its footprint in South Africa via fresh partnerships with SportyBet and Playco.za.

Both brands now gain access to more than 100 titles from the developer, including games like MexoMax, Bob Marlin Goes Deep and Vikings Go to Olympus.

Through its expansion in South Africa, Yggdrasil aims to leverage the strength of the nation’s iGaming industry. The company cited figures from the National Gaming Board indicating the market produced €75.5 billion in turnover for the 2024/25 fiscal year.

Giovanni Fodera, Regional Manager at Yggdrasil, said: “South Africa is a strategically vital market for Yggdrasil, and launching with well-established brands like SportyBet and Playco.za marks a major milestone for the company.

“These collaborations boost our regional footprint, widen the reach of our content, and mirror the robust momentum we’re building throughout Africa.”

Yggdrasil made its South African debut in 2021 via a partnership with Intelligent Gaming Limited (IGL), granting the developer access to IGL’s roster of operator partners.

In the meantime, additional collaborations with aggregators like Vyking have provided Yggdrasil with expanded access to operators across the African continent.

South Africa continues its tax debate

Due to the success of online betting and gaming in South Africa, the nation’s National Treasury has put forward a 20% tax on gross gaming revenue from online operations, which will be applied alongside provincial tax rates imposed on all gambling activities.

Provincial tax rates range from 6% to 9%, meaning the nation’s effective tax rate will lie between 26% and 29% should the proposal be successfully implemented.

Should the tax be implemented, it is expected to generate R10 billion (£456.1 million) annually. However, the Ministry of Finance stressed that the primary goal of the tax is to offset the costs associated with potential social harm stemming from the growing popularity of online gaming.

A public consultation on the proposed change concluded on February 27, and stakeholders are now waiting for South Africa’s legislators to decide whether to implement the new tax.