Watching the business rescue questions and answers about SAA on ENCA had me thinking about Phumelela and how all of us failed to invoke a protest against power.
As punters and owners, we have been making suggestions and requesting clarity via this wonderful website for years – some were answered, most were ignored, writes Keith Taylor in the Sporting Post Mailbag.
Why have we continued to pump our hard earned money in and fund their inflated positions in life while they refused to answer us half properly?
Would you keep coming back to my restaurant if the chicken was always undercooked? You’d go somewhere else – fast.
Where do we start?
Carryover puzzles. Big salaries. Ego’s. Agenda’s. Laziness. Missing Sponsors. Declining Stakes. Questionable appointments. A general lack of performance and accountability.
Scary thing is it didn’t happen last week. It’s been happening for years.
When Markus Jooste departed the scene, we reeled but still celebrated Christmas 2017 and got merry – and came back for more in 2018.
And then we allowed it to continue. It’s complacency and a lack of protest cohesion on our part – and naked incompetence on theirs.
This operation, which murdered a share price from R20 to 40c, needs to be investigated for reckless trading at board level.
Hopefully the business rescuer is able to perform his duties independently, and able to clean the slate – we do not want one employee from the old regime to keep his job.
Everybody is gunning for Stuart and Scott I read– but there are the rest too.
They must ALL answer and go. They failed.
After all, when you fail the grades at medical school, you don’t go on to open a practice and start performing open heart surgery.
Analyse the salary bill too. This is COVID-19 reality.
Racing people earn far too much relative to people who do proper, professional productive jobs in other industries.
It’s been a free ride for too long.
Ensure that not one employee, no matter the rank, earns over R60 000 a month.That is generous. They do not deserve a cent more. In the normal world, they wouldn’t make the cut. Why should racing give all of these average Joe’s sheltered employment and lifestyles?
And no more Director’s fees. If you want to serve the game, do it without agenda, benefit and for the love of it. Too many pretenders and power mongers in this domain too.
Last year Phumelela lost R119 million.
This year, minimum loss is R150 million,
Work on the FIFO system – fit in or fit out. We don’t care who you are.
Maybe I’m being idealistic, but this would be the only way if I was in John Evans’ shoes. There is simply too much water under the bridge.
And please no cover-ups. I read about non-disclosure. That’s par for the course in racing and half the reason we are sitting with our fingers where they are. Do not tell us in three months time we kept it hushed in the interest of horseracing.
Racing has a new investor. Please let’s all treat her with respect.
In my eyes, it is sadly still the same restaurant, different bankers. We lost a waiter or two along the way, but the food is still bad – and the service is non existent.
