SAGA feel that racing has been captured

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SAGA feel that racing has been captured

4 years 4 months ago
#812237
According to the below article the Grooms Association are worried

From the Sporting Post

The South African horseracing industry’s unimpressive report card in repect of a lack of transformation looks set to potentially complicate issues in the Phumelela Business Rescue unbundling process after the SA Grooms Association apparently made representations earlier this week to the Gauteng Gambling Board.

The catalyst of the SAGA petition is pending applications to transfer licences held by Phumelela Gaming & Leisure Limited to a company called 4 Racing (Pty) Ltd.

The petition states that in early May 2020, Phumelela was induced by Mary Oppenheimer Daughters Pty Ltd to invoke the business rescue provisions of the Companies Act, as opposed to filing for liquidation.

Read Full Article www.sportingpost.co.za/2021/02/saga-phumelela-business-rescue/

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