Ahead of the transfer of the horseracing and tote business from Phumelela to 4Racing, the parties are pleased to announce that initiatives are being undertaken to enhance the business through additional support of horseracing.
In a media release published on Monday 21 June 2021, Phumelela advise that stakes for minor races in the Eastern Cape will increase from R50 000 to R60 000 per race in July.
Additionally, Listed and Non-Black Type feature races in the Eastern Cape will increase from R85 000 to R100 000 and R80 000 to R90 000, respectively.
From the start of the Highveld Spring Season in October, minor races in the three current tiers will increase from R70 000 to R85 000; R77 500 to R92 500 and R85 000 to R100 000, respectively.
Simultaneously, Maiden Plates will receive an even bigger increase and rise from R70 000 to R90 000.
In addition, SAEHP (SA Equine Health & Protocols) has been provided with funding to stabilise its operations which were disrupted during lockdown.
