Phumelela shares have been trading at very low volumes for the last weeks. Then suddenly, on 27 January, a big splash: 1.2 million shares. Someone sold, someone bought. After that, all went quiet again.
Organisations are contributing R4 million towards offsetting a R10-million shortfall in prize money for races at the five Phumelela racecourses in the 2010-11 racing season – but conditions apply.
Phumelela Gold Enterprises, the joint venture between South African horseracing and tote betting operators Phumelela and Gold Circle, and the UK tote have signed an agreement that enables British betting shop customers to bet directly into South African tote pools for the first time.
John Stuart, Director International Marketing and Sales, and Betting Executive Vee Moodley have been appointed International Executive Director and Betting Executive Director on the board of Phumelela.
In a new weekly column we look at some of the past weekend’s highlights, and set the fractions with Saturday’s Hollywoodbets Kenilworth WSB Cape Town Met racemeeting
A seasoned racing fan writes that in the zone between 15 and 3 minutes before the official race time, nobody is interested in listening to the personal fancies and various constructions of the presenters’ exotic permutations
Leading South African-based owners Hollywood Racing have broken new ground with the acquisition of five yearlings during the Book 1 session at Karaka this week
Longstanding Dean Kannemeyer Racing team member Morris Mg Cube was the proudest man at Hollywoodbets Kenilworth on Saturday after his favourite charge Gimme A Prince stormed to victory in the HKJC World Pool Gr1 Cape Flying Championship
