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NHA Breaching Rules?

Questions Mount

I read the appraisal of Adv Brett Maselle on the “Mayfair” situation with great interest, writes Ian Jayes via email in the Sporting Post mailbag.

It would appear that there has been an ongoing breach of their own Rules by the NHA.

As a layman without legal training or qualifications, I am curious to know, if in its Affidavit to the High Court in Cape Town, ABSA stated that Mayfair was “hopelessly insolvent” how has an insolvent company been allowed to still have racing colours, trade and incur expenses?

I would like to hear Adv Brett Maselle’s take on this as well.

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7 comments on “NHA Breaching Rules?

  1. Chris Swart says:

    I’d like to know how an owner that’s defaulted with trainer’s fees isn’t posted, suspended and asked to resign from all boards

  2. Philip Goldberg says:

    Has there been a default of training fees. Have any trainers come forward and lodged a complaint?
    Just asking

  3. dean bayley says:

    A very interesting read given by Mr Maselle – why are the NHA accommodating ABSA , surely that’s the banks own problem for giving Mayfair a loan . Mayfair Speculators need to be wound up and removed from racing , very simple . The union’s need to make a stronger stand and bring the masses to the races and have racing cancelled for a few meetings and then I am sure an action will be taken

  4. The Dark Duke says:

    Lyndon Barends is the missing piece of the puzzle. Research his connections with George Rautenbach of Megapro. Then do your homework regarding the relationship between Jooste and Rautenbach and everything will become clear.

  5. Albert X. Beare says:

    What impact will all of this have? Nada. The NHRA will carry on with business as usual. Mr Advocate will be charged for embarrassing the NHA.

  6. Preston says:

    In term of the company’s act , a company can be “factually insolvent” and can still continue to trade. Insolvency is a term given if the company has instituted proceeding to discontinue its operation in term of the remedies afforded to it , via the companies Act.

  7. JessK says:

    Having viewed the NHA registration calendar, it is clear the NHA have no regard for what Advocate Maselle has pointed out to them in his article, as they continue to breach their own rules by continuing to allow the transfer of Mayfair horses. Can one therefore conclude that alleged fraudsters have greater rights than the rest of us in the eyes of the NHA ?

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