Independent Incompetence
If you’ve ever wondered how low mainstream newspaper reporting on racing could sink, check last weekend’s issue of The Sunday Independent (R14.50 inc VAT). It’ll make you cry.
30th January 2011
1 Comment
If you’ve ever wondered how low mainstream newspaper reporting on racing could sink, check last weekend’s issue of The Sunday Independent (R14.50 inc VAT). It’ll make you cry.
In a letter to all members of the KZN Racing Association Chapter, KZN Regional Chairman Moga Pillay calls for opposition to Resolution 12. The letter carries a Gold Circle letterhead, and asks for opposing proxies to be faxed to the official Gold Circle fax number in Durban. It is my view that the letter is misleading, and clearly shows Pillay’s lack of understanding of the intentions and good faith of the merged Shareholders Agreement signed by the KZN and the Western Cape. The lack of leadership seems to be an ongoing challenge for Gold Circle.
Arising out of a request from the International Division of PGE for a Night Racing product on Tuesdays, in particular the Turkish and USA markets, which will deliver enhanced revenues for PGE, night racing in South Africa will take place consistently on Tuesdays’ from the end of September to the middle of May each year, with effect from 1 January 2011.
Phumelela Gold Enterprises, the joint venture between South African horseracing and tote betting operators Phumelela and Gold Circle, and the UK tote have signed an agreement that enables British betting shop customers to bet directly into South African tote pools for the first time.
The letter dated 5 November 2010 by the Concerned Members Group within Gold Circle and related matters refers. While I do support the publishing of financial information on a regional basis, where possible and appropriate, I do not believe that doing so in the proposed format is appropriate. In fact, I believe that doing so would be highly misleading and potentially result in users of the information arriving at incorrect financial conclusions.
Sporting Post received a request to apologise for publishing Hassen Adams’ mailbag letter “Is GC the new KKK?”.
We publish the request in full. Feel free to comment on it, but do also refer to the original mailbag letter.
Hassen Adams believes a different order should be introduced, accountable to the racing fraternity
The Board of Gold Circle has, with regret, accepted the resignation of Mr Hassen Adams as a director of both the Company and the Western Province Regional Racing Association
A group of over 40 Gold Circle Members seek support from fellow members by means of a letter tabling concerns regarding the business and affairs of Gold Circle.These include strategic and governance concerns as well as concerns relating to Gold Circle’s financial results.
The Gold Circle Annual General Meeting of the Company and Racing Clubs will take place on Wednesday, 12 January 2011, and not in early December as previously scheduled
Alan Greeff’s recent Eastern Cape ‘Triple Crown’ star My Best Shot and the Lucky Houdalakis galloper Musical Score, a 3yo son of Oratorio, and a winner of his last two starts, are the two newbies
