Racing Association – An Update
A total of R 3 879 000 has been paid/will be paid out to trainers for the month of May and these same amounts will in turn be credited against the relevant owners’ accounts
18th May 2020
13 Comments
A total of R 3 879 000 has been paid/will be paid out to trainers for the month of May and these same amounts will in turn be credited against the relevant owners’ accounts
Our income is generated mainly from the nominations and declarations from races operated by Phumelela’
‘The Directors of the RA are constantly in talks with all racing stakeholders to find ways in order to ease the impact of the current situation…’
The Board of the Racing Association has agreed to decrease nomination and declaration fees with effect from 1 May 2020
‘We’ve had to play the cards we have been dealt to help everyone actively working in this industry to the best of our ability’
The various senior executives of all three Racing Operators and The National Horseracing Authority have had their remuneration significantly reduced (by up to 50%) even though their workloads have remained unchanged and even enhanced in most cases
Whilst the Racing Association does not accept nor condone a reduction in stakes payments, they have to be realistic and work with Phumelela to achieve the best possible outcome for their members
The owner body have been engaging with grooms directly and the donation was provided to assist them with the provision, transport and or supply of food
It is envisaged that the levy for entry into the free zone for export (excluding Mauritius) will be R75 000 per horse
Changes in provincial government legislation and other well-publicised issues have destroyed the industry’s funding model and the virus-enforced lockdown has now put the future of the entire sport at risk
