Notice is hereby given that the One Hundred and Thirty Second Annual General Meeting of Members will be held at the offices of The National Horseracing Authority, Turf Club Street, Turffontein, on Monday, 13 January 2014, at 14:30 to transact the following business:
1. To consider and confirm the Minutes of the Annual General Meeting of Members, held on Monday, 14 January 2013.
2. To consider the Report of the Chairman of the National Board of Directors for the year ended 31 July 2013.
3. To receive and consider the audited Financial Statements of The National Horseracing Authority of Southern Africa and the Funds held in Trust for the period ended 31 July 2013.
4. To appoint the Authority’s Auditors.
5. To transact any business which may be transacted at an Annual General Meeting.
5.1 Proposal made by Adv B Maselle –
Based on the NHA’s functions, its objectives and its representations to members as well as to Parliament (in September 2013 by Mr D. Pillay and Mr R. Bruss that the NHA be granted statutory recognition):-
1. to consider whether the NHA exercises public powers and its conduct is sufficiently public in nature to warrant the application of the Promotion of Administration of Justice Act No 3 of 2000.
2. to consider whether it is appropriate for the NHA to continue to regulate horseracing in Zimbabwe especially when the NHA seeks to be regulated and recognized by the Parliament of South Africa, the latter having no territorial jurisdiction over Zimbabwe.
5.2 Proposal made by Mr S Reid –
Request the National Board to amend the rules so that every member of the NHA is:
1. at all times granted free entrance to every racecourse in South Africa.
2. issued with an NHA identity card.
5.3 Proposal made by Mr R Mattheyse –
1 TO CONSIDER making representations to the operators and/or the relevant Provincial and/or National Legislature to amend any legislation and/or agreements whereby the NHA should receive, in place of the operators, as part of its annual funding:
– Annual bookmakers levies which the operators receive (which as an example Phumelela received R54 130 000 [Fifty Four Million One hundred and Thirty thousand Rands] for the year ended 31 July 2013)
-The unclaimed tote dividends and breakages which the operators receive (which as an example Phumelela received R29 194 000 [Twenty Nine Million One hundred and Ninety Four thousand Rands] for the year ended 31 July 2013)
2 TO CONSIDER making representations to the operators and/or the relevant Provincial and/or National Legislature to amend any legislation and/or agreements whereby all dividends/payouts received by the punters are rounded down to the nearest 10c. The technology exists to pay the correct calculated dividend/payout.
5.4 Proposal made by Mr D Kyriacou –
– To CONSIDER that in order to create independence and full impartiality within The National Horseracing Authority, the NHA requests its National Board of Directors to call a Special General Meeting in terms of clause 13 of the Constitution, to amend the Constitution, so as to ensure that the Operators (Phumelela and Gold Circle), the Thoroughbred Breeders Association and the Racing Association and any other entity is/are not given an entrenched and/or secured seat on the National Board of the NHA.
Notice Of Special General Meeting
In terms of Clause 26 of the Constitution any amendment to the Constitution shall be by a special resolution at a Special General Meeting called for that purpose.
The National Board agreed on 5 December 2013 to call a Special General Meeting on 13 January 2014 following the Annual General Meeting to discuss the following:
Representation of Kenilworth Racing (Pty) Limited on the Board
The Kenilworth Racing (Pty) Limited has requested that they have representation on the National Board especially in view of the fact that they have been contributing to the funding of The National Horseracing Authority since August 2013.
The Constitution of The National Horseracing Authority allows for a maximum of fifteen Directors on the Board which positions are already occupied. The Constitution only makes provision for Gold Circle and Phumelela to sit on the Board of The National Horseracing Authority.
In order to cater for this new development, an amendment to the Constitution is necessary.
It will require an amendment of Clause 15 of the Constitution to allow for a maximum of sixteen National Board Directors and for the additional Director to be appointed by Kenilworth Racing (Pty) Limited.
