Phumelela's Business Rescue plan for horseracing

Covid-19 had a devastating impact on the South African horse racing industry. A R100m lifeline from Mary Oppenheimer Daughters in May this year helped shore up Phumelela, the nation’s biggest horse racing company, after the racetrack owner filed for a local form of bankruptcy protection. Brian Riley, the acting Chairman of the Racing Association (RA) and member of the Racing Restructuring Task Team and RA national board member Charles Savage joined BizNews founder Alec Hogg to give the latest from the parade ring, with a view on the future.