Phumelela Gaming & Leisure published their preliminary annual financial results and dividend declaration for the financial year ended 31 July 2018, on Friday.
This financial year marked a significant milestone for Phumelela being their first as a fully-fledged multiple product betting and media rights group of companies.
In what was described as a difficult year in South Africa, trading has been hindered by political turbulence, militant labour unrest that directly affects the horseracing value chain, criminal activity, a stagnant economy, low business and consumer confidence, and increasing unemployment.
In pursuit of their transformation initiatives, Betting World franchises and Tab agencies are being offered to selected previously disadvantaged individuals that wish to build a future in the industry.
Phumelela provides the necessary funding, training, know-how, and management of the odds to enable a shop to be up and running within a short period.
