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Phumelela Rationalise

Vodacom Durban July threat

Phumelela executives met with officials of the Academic and Professional Staff Association (APSA) on Tuesday afternoon following media reports that the trade union was planning to disrupt this Saturday’s Vodacom Durban July at Greyville.

The Durban July is Africa’s most famous horserace and is staged by Gold Circle, the horseracing and tote betting company in KwaZulu-Natal.

After Tuesday’s meeting Phumelela decided to amend its offer to Betting Division staff.

This revised offer has been submitted to APSA officials and Phumelela is now awaiting a response.

Phumelela is optimistic that an amicable solution will be reached with the trade union.

The company recently undertook a Section 189 A retrenchment process, facilitated by the CCMA, because it has no option but to close a number of stores that are not operating profitably.

Simultaneously, several duplicated roles have been rationalised.

Phumelela regrets the loss of jobs, but as is the case with numerous other companies, the current state of the South African economy leaves the company with absolutely no choice but to rationalise its operations.

  • Press release published by Phumelela Gaming & Leisure on Wednesday 3 July 2019

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5 comments on “Phumelela Rationalise

  1. beatle says:

    Sad state of affairs – the slow decline of horseracing which I feel is due to bad management and past powers mainly one person in particular – hopefully one day he gets his day of justice

  2. Vinsesh says:

    Agreed

  3. Art says:

    Phumelela is retrenching in tough economic times.Trade unions and management alike are aware of procedural and substantive defects.The labour court has exclusive jurisdiction over those disputes .If they the trade unions feel so hard done by they should declare the dispute.Im sure Phumelela are well aware of their actions..What I can say as a punter is that phumelela’s current betting model insofar as the long suffering punter is concerned needs to be addressed to attract more punters which will in turn push up turnover and increase sales
    .

  4. Ian Jayes says:

    Phumelela made massive retrenchments when it took over the clubs and horseracing. It closed down most of the racecourses which were all high-asset viable businesses. Now it needs to close down more of its operations. Ayn Rand was spot on when she said people tend to bring things down to their size.

  5. Butch says:

    What cost did Phumelela incur to take it’s management and “employees” to the Sun Met for almost a week out the office? Can the costs incurred be justified in light of retrenchment? How do these costs compare to previous years?

    How much is Phumelela spending to fly and host their management, director’s, employees, affiliates, consultants and a few clients to the VDJ? What proportion of these costs relate directly to their clients? If it’s less than 75% then Phumelela should question why are they taking such a big entourage if retrenchment are necessary for the survival of their business?

    Surely, in this difficult period, these costs should be “frozen”.

    Gold Circle and Phumelela have chosen to distance themselves from each other over the last few days in relation to potential strike action and the VDJ. Claiming that they are independent of each other.

    Ed, can Gold Circle and Phumelela confirm how separate and independent they are from each other? Is that R15 million targeted pick 6 pool for the VDJ an initiative of Gold Circle or Phumelela? Or both entities acting as one?

    When it’s convenient, they are one and during the threatened strike action, they are not!

    Would Gold Circle, acting as an independent and separate business, disallow Phumelela from attending and hosting clients at the VDJ to avert the threatened strike action( and to show their independence, protect and promote their flagship event)?

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