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Agenda items required by 4 December 2019

National Horseracing AuthorityNotice is hereby given that the One Hundred and Thirty Eighth Annual General Meeting of Members will be held at the offices of The National Horseracing Authority of Southern Africa, Turffontein Racecourse, Turf Club Street, Turffontein, on Wednesday, 15 January 2020, at 12h00.

Proposals by Members for inclusion in the Agenda for the Annual General Meeting are to please reach us by 4 December 2019.

Should you have any queries, please feel free to e-mail at [email protected]

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7 comments on “NHRA AGM Notice

  1. Steve Reid says:

    You would think that with all the promises of an improved Authority, that at least the basics would be done correctly. Mr. Moodley you are the captain of this ship, it is your promises upon your appointment that I am commenting on. Empty promises it seems. You have had sufficient time to make your mark and to ensure that at the very least, a semblance of good corporate governance is being followed at the NHA. It appears that little has changed. Len Konar will be repeating the lack of Corporate Governance procedures if he attends, as he did for the many years I attended these AGM’s. It seems there is nothing so blind (or deaf) as those that do not want to see (change).

    A few years ago I highlighted the fact that notice of the NHA AGM of that year had been given without the Annual Report being available to members. Quite simply, how can members be expected to ask questions if they are unaware of what the Authority’s financial position is? It was agreed then that going forward, the Annual Report would be available to members prior to the notice of AGM going out. This is all documented should anyone wish to check. There is no Annual Report for 2019 on the NHA website.

    To assist let me include the requirements for an AGM as per the Companies and Intellectual Property Commission:

    Annual General meetings must be held to provide at minimum for the following:

    The presentation of the directors and audit committee reports
    The presentation of the audited financial statements for the immediately preceding financial year;
    The election of directors, as required by law and the MOI;
    The appointment of the auditors and the audit committee;
    Any matters raised by shareholders, regardless of whether advance notice of the topic was given

    The company must deliver a notice of the meeting to each shareholder at least 15 business days prior to the meeting. All shareholder meetings of public companies may be held in South Africa or in another country, but must be accessible for electronic participation by all shareholders, irrespective of the location of the meeting.

    I remain convinced that the NHA remains the lap dog of the operators. The legal fees will be especially interesting to peruse this year, along with Operator contributions.

  2. Dave Nel says:

    For an organisation that has been around for 138 years and in existence for longer than most associations and businesses including any political party in South Africa, one would have thought that the jockey club would be respected and a well oiled association performing its functions diligently without any criticism.

    I see that only members are invited furnish proposals.

    In todays times for a public organisation such as the jockey club to treat itself as inclusive and exclusive to its members is a major mistake. If everyone is allowed to criticize the jockey club, everyone should be allowed to make contibutions. Everyone should be heard. What makes the jockey club members any better than the next person.

    Has anyone thought that the reason for horse racing finding itself in dire straits may be partly as a result of it being run like a secret organisation looking after big corporates and rich breeders and treating punters and the like as just a means to an end.

  3. Wayne Fouche says:

    Having heard Neil Andrews sounding off at the stupid merit rating system this morning (well done – most people just shut up and endure!!) maybe he should be addressing the meeting?

  4. Graham Martin says:

    Sorry but I can’t keep quiet on this one! African Warrior ran unplaced in the Concorde Cup at Kenilworth yesterday 23rd November. He started at odds on with a merit rating of 115! His merit rating was increased from 112 to 115 after he ran unplaced in the Matchem behind One world carrying 52.5kg’s. This 3yr old has got a higher merit rating than Frosted Gold, Eden Roc and Got The Greenlight ! he finished behind all three in the Gold Medalion at Scottsville towards the end of May. Karel and anybody else can say what they want to but the Merit Rating system in this country is a load of RUBBISH!

    1. Editor says:

      The Vet reported in the official Stipes report:

      AFRICAN WARRIOR – not striding out left fore

  5. Graham Martin says:

    And Karel if you know nothing about COLLATERAL FORM then keep your opinion to yourself!

  6. Graham Martin says:

    It matters not whether he was striding out or not, I gave him no chance in any case! It’s easy to make excuses for something that is a failure! None are so blind as those who will not see!

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