Super Group exits India
4 Oct 2023
(PRESS RELEASE) -- Super Group Limited today announced that it has ceased providing any services to the Indian market due to changes to the Indian Goods and Services Tax, effective as of 1 October 2023. The newly effective tax rules make the Indian market no longer commercially viable for Super Group. Despite this development, Super Group reaffirms the full year financial projections provided on the earnings conference call on 17 August 2023.Neal Menashe, Chief Executive Officer of Super Group, stated: “We are continuously evaluating evolving regulatory landscapes across the many markets we serve. Informed by years of operating our geographically diverse business, we remain confident about the long-term growth opportunities in front of us."