1.9.2020 06:35 pm
Mary Oppenheimer and Daughters (MOD) will take over the racing interests of South Africa’s largest turf operator and betting company Phumelela – in effect securing the immediate future of racing in the country.
Creditors of the stricken Phumelela voted overwhelmingly in favour of the Phumelela Business Rescue Practitioner (BRP) Plan at a special meeting on Tuesday 1 September.
English racing will on Monday offer a beacon of hope after months of nationwide gloom when it becomes the first sport in Britain to emerge from coronavirus lockdown.
Joy, relief and determination to save a sinking industry have greeted the news that horse racing is to resume in South Africa from Monday 1 June.
Horse racing will resume in South Africa from Monday 1 June – throwing a lifeline to a multibillion-rand industry in a state of near-collapse.
The biggest horse race of the weekend is a significant event in more ways than one.
The authority responsible for maintaining Epsom Downs on Tuesday gave its backing to the staging of the Derby and the Oaks after the coronavirus delayed this year’s running of the English classic horseraces.
South African horse racing was ‘days away’ from being obliterated – before the game’s doyenne Mary Slack stepped in with a R100 million rescue package on Friday.
Major horse racing operator Phumelela is likely to apply for business rescue status ‘within a few days’ – plunging the troubled South African industry into chaos.
The planned resumption of horse racing in SA didn’t happen. The Cape Town meeting scheduled for Friday had to be abandoned after the government failed to respond to the game’s entreaties for a green light.
Just assuming that everything is off is not quite true.
The British Horseracing Authority announced Friday a £22 million ($27.5 million) aid package in response to the financial impact of the coronavirus.
The SA horseracing industry has unveiled its battle plan for the year ahead, but it all depends on the lockdown starting to ease from the start of May.
After due consideration, the South African horseracing industry has decided to further restrict the individuals who may attend race meetings.
Good news for horse racing fans: the eagerly awaited Legends of the Turf video series is at last available for online viewing.
On a day crammed with happy winners, One World spun above them all in glory.