The National Horseracing Authority (NHRA), in collaboration with the KwaZulu-Natal Department of Sport and Recreation (DSR), has announced that it has finalised the Memorandum of Understanding (MOU) for the Traditional Equine Industry (TEI) with the KwaZulu-Natal Gaming and Betting Board (KZBGBB), and the Agribusiness Development Agency (ADA).
The objective of this partnership and collaboration is to create a platform:
For the creation of economic opportunities in all aspects of the value chain including the sport, agricultural aspects, tourism aspects, regulation, administration and gaming.
To unlock funding opportunities to support the development of the sport, infrastructure, agricultural support, veterinary services and other industry related services to support the KZN TEI.
The NHRA seeks to promote all facets of the TEI racing; protect the welfare of the equine and human athlete; and protect and grow its local social and economic significance for current and future generations and its sustainability.
The NHRA’s objectives are:
- To ensure ethical and effective leadership, transfer of skills and integrity of the highest order is achieved from the foundation cascading upwards such that the value creation process, growth and sustainability of the TEI are achieved.
- Develop a framework that will unleash the economic potential of the traditional horse-riding industry within the Province of KwaZulu-Natal and stimulate the growth of the Traditional Equine Industry.
- Facilitate and co-ordinate constructive engagement between key stakeholders in the Traditional Equine Industry and through engagement will source co-operation between the social partners and key stakeholders to support the development of the KZN TEI ensuring the implementation of plans that can create economic opportunities in the sector.
- Ensure co-operation between the different spheres of government, business and the local community that participates in the TEI and to establish a common vision and direction.
- Outline the plan for the formalization and growth of the sector and aims to unlock the full economic potential and stimulate growth potential for TEI as well as provide economic opportunities and jobs, entrepreneurial potential especially for people from poor and marginalised communities.
- Create dialogue, shared learning, strategic partnerships and economic opportunities with the public sector to support the development of the TEI.
The NHRA is delighted to partner up with the Traditional Equine Industry stakeholders to develop and promote transformation, economic growth and job creation in the TEI. Progress on the Masterplan will be communicated to all stakeholders on a regular basis.
