Phumelela
In a letter to ‘all interested parties’, Phumelela Chief Operating Officer and Finance Director, Andreas Heide, has suggested that Grooms appear to have been incorrectly advised.
He writes:
The matter of the R17, 5 million Horse Racing Development Fund reserve has once again raised its ugly head in the public domain.
For the record the reserve was initially earmarked for the improvement and upgrading of stabling facilities and not solely for grooms’ quarters. Grooms’ appear to have been disingenuously advised that the R17, 5 million is due and payable to them.
This is clearly not the case and is factually incorrect. However, and in the greater interest of settling this matter once and for all, we have completed a review of Phumelela’s financial records for the past ten years as they relate to the stables and grooms’ quarters at Randjiesfontein, the Vaal and Turffontein.
According to these records the company has spent in excess of R24 million in upgrading and maintaining these facilities.
The obligation has accordingly been met and any further debate is simply a moot point.
End.
