The Board of Directors of the South African Jockey Academy (SAJA) resolved on Monday 29 February to vary its policy in respect of apportioning apprentice earnings arising from restricted sales races where the stake of such races is higher than the advertised stake of the country’s richest Grade 1 event, the R4-million President’s Champions Challenge.
The Academy has agreed to limit its share of the apprentice earnings to the level of the richest “open” Graded race and the policy has been back-dated to the beginning of the current season.
This is what they said previously
“The CTS Million Dollar race is clearly an extraordinary event on the South African racing calendar and the Board unanimously agreed to recognise this,” said SAJA Chairman Avison Carlisle.
“We would also like to congratulate Heavelon van der Hoven for a wonderful ride under enormous pressure and the Board wishes him every success in the future,” he added.