At the Phumelela Gaming & Leisure board meeting on Tuesday, Bernard Kantor was appointed chairman of the board.
Kantor, who has been a non-executive director since the company was founded, thanked retiring chairman, Peter Malungani, for his 20 years of loyal service to the company and wished him well for the future.
Kantor added that there have been many rumours about the future of racing which is understandable in times of uncertainty. “What is certain is that the board and management of Phumelela are confident about the future of racing and betting in South Africa and we look forward to meeting the opportunities and challenges of 2018 and beyond.”