Randji Strike

.....yehp.....calling all that tried to speak out about Jooste and his henchmen.....THE LUNATIC FRINGE.....now the real luntatics are those actually in the Jooste fold.... :oops:

Over the Air wrote:

Len Sham wrote: U hide behind your insinuations week in and week out u name and shame people but zuk your day is coming as are the people who post under your name..

And there we have it. Typical. Reminds me fondly of your benefactor Larry.

only typical because people u name and shame should take legal recourse if you can't produce evidence of wrong doing.

Anyone close enough to the powers that be to see the stakes agreement / formula ? It seems that some of the problems in the industry can be solved by increased stakes (which have not kept pace with inflation at the very least) rather than increased take-outs and salaries and dividends in the operators...more going into the hands of a few, as seems to be the status quo, is not the solution...

....there is no single silver bullet fix....increasing stakes with no more gravy is a hard call and not possible and if it was .....the trickle down effect and small grooms chop may not be enough..... there needs to be a direct bottom up injection or benefit of a form of a subsidy.....the Racing Trust may need to be divorced from the RA and overseen by more diligent people that are not batting for PHUM... :huh: ..it has to be run like a trust should be..... with regular audits to ensure checks and balances.....does any one know who is on the board besides the last one published post 2014 changes....or is this and the financials only privvy to the RA and the operator to whom they seem to regard as their master..... :ohmy:

Company Overview

The Thoroughbred Horse Racing Trust was founded in 1988 and is based in Johannesburg, South Africa.

Rivonia Road

Morningside

Sandton

Johannesburg, 2199

South Africa

Founded in 1988

Phone: 27 11 783 1250

Key Executives For The Thoroughbred Horse Racing Trust

The Thoroughbred Horse Racing Trust does not have any Key Executives recorded.

.....strange thing..is this the same Trust as the "The Racing Trust" as the telephone numbers are the same according to the RA site..are these not the offices of Investec.....and same place where Kantor/Jooste registered their JV entity Kalamojo Trading that holds almost 10% of PHUM shares.... :huh:

[quote="Over the Air" post=73481

Finally, the greatest insult to anyones intelligence was the sell off of Trust shares in Phumelea to pay for the acquisition of Supabets and at a price that all the fools that "invested" were unable to offload for a period and will be taking a bath. If it wasnt so pathetic it would be funny. The trust holding of Phumelela shares has diminished from 38% to 25% and we all sit on our hands and allow the raping of racing to continue. You Ra members are.so stupid you paid for the act.
[/quote]

Owner in %

Thoroughbred Horseracing Trust 26.72
KALAMOJO TRADING INVESTMENTS PTY LTD 9.19
Ihh Co. Pty Ltd. 8.58
Markus Johannes Jooste 4.60
Yerranzano Ltd. 4.39
Gride Investments Pty Ltd. 4.17
Willem Adriaan du Plessis 4.00
Dihla Investment Holdings Pty Ltd. 3.62
Vela Phumelela Investments Pty Ltd. 3.43
Norges Bank Investment Management 2.84
Foord Asset Management (Pty) Ltd. 2.23
Truffle Asset Management (Pty) Ltd. 1.90
Blue Sails Marine Ltd. 1.19
Westbrooke Investments Pty Ltd. 1.13
Prescient Investment Management (Pty) Ltd. 1.05

The sum of the shares may exceed 100%. Freefloat includes some of the share holder.

Let’s get back to the point

That grooms get paid a pittance

.....yes they do....but how do they intend to fix it.....without losing owners, trainers and more grooms...... :huh:

I see that the National Horseracing Authority has issued a press release stating that it is currently working with industry players to formulate a strategy to include and engage the grooms more effectively in the horseracing industry.
The NHA has acknowledged that grooms are the largest group employed in the horseracing industry and need an officially recognized status, both within the NHA and within the industry. The statement goes on to say that it is critical that an official national representative body is formed so that all issues are dealt with as soon as they arise.
This is good news indeed and we hope that that the NHA acts sooner rather than later.

Good one hope peaceful solutions can be found.

I wonder how often "issues" will arise with the EFF around

Grooms going home for "holiday"....some told "we will phone you to inform you when to return"!