Gold Circle appoints new Chairperson

10 DECEMBER 2015






Dr Phumla Mnganga, is to take over the reins of Gold Circle, KwaZulu-Natal’s Racecourse and Betting Operator, following the retirement this week of sitting chairman, Mr Robert Mauvis.

Mr Mauvis, who has chaired the company since 2011, stood down at the company’s Annual General Meeting on Tuesday, December 8.

Dr Mnganga’s appointment, together with the other office bearers of Gold Circle, was confirmed at the company’s Directors Meeting today.

The Board thanked Mr Mauvis for his dedicated and enthusiastic leadership during the company’s transformation that included the separation of the KwaZulu-Natal and Western Cape Operations, the introduction of the Polytrack and upgraded public facilities at Greyville and the developments and improvements to facilities at the Summerveld and Ashburton training centres, while restoring Gold Circle’s relationships and strengthening its financial position considerably.

Mr Moses Tembe was re-elected Vice-Chairman with the other appointed directors being N P Butcher, J H S De Klerk, P V Lafferty, D Moses (CFO), S Naidoo, M J L Nairac (CEO), Mrs M Nhlanhla, L Nunan, G Petzer and Mrs L Rakharebe

Mr Neil Butcher & Mr Babu Nunan were re-elected Chairman and Vice Chairman of the Gold Circle Racing Club respectively.

ends

Phumla Mnganga

MD of Lehumo Women’s Investment Company

Phumla Mnganga is the Managing Director of Lehumo Women’s Investment Company. She also serves as the Chair of the Siyazisiza Trust and as the Vice Chair of the Council of the University of KwaZuluNatal.


Professional details
Current Position(s)
Independent Non-executive Director | CROOKES BROTHERS LTD
2011 - present

Agriculture, Forestry and Fisheries
Independent Non-Executive Director | THE SPAR GROUP LTD
2006 - present
Chair | Siyazisiza Trust
Vice Chair | Council | University of KwaZulu-Natal
Executive Director | Lehumo Women’s Investment Company
Managing Director | Lehumo Women’s Investment Company
Executive Director | Gold Circle Racing and Gaming Company

whats her background and experience in the horseracing industry or is that not important for this position? so many views and people to scared to comment

pirates....she has driven past Greyville on a few occasions............ :kiss:

when I look at the Phumelela board I see jooste ceo of Steinhoff kantor big shot at investec and chris van niekerk and all three got massive investments in racing but somehow I don't see the same on the gold circle board in fact iv never heard of half of them

Pirates they should get together for an AGM so they can meet one another or better go night racing and have a few toots and bond. :silly: Maybe you could (if you would please Pirates) explain the MR system to them and then they can have a bet as well. :pinch: I say, give her a chaaaance.... :whistle:

pirates wrote: whats her background and experience in the horseracing industry or is that not important for this position? so many views and people to scared to comment

I can't believe you were not considered for the job or your opinion was not asked for !!!!!! A veteran like you in KZN racing should hold an advisory position on the board.

Rowdy wrote:

pirates wrote: whats her background and experience in the horseracing industry or is that not important for this position? so many views and people to scared to comment

I can't believe you were not considered for the job or your opinion was not asked for !!!!!! A veteran like you in KZN racing should hold an advisory position on the board.

hahahaha veteran whinger yes :lol:

Three key words in almost all aspects of life in SA, especially in government, quasi-government and oversight entities...transformation, representivity, demographics...in some cases only one applies and in others all three are prevalent...

It sickens me that government has perpetuated racial classifications...and what is even more worrying are the sycophants (from minority groups) that are stifling the futures of their own children so that they can reap short-term benefits (and feather their nests) from doing their masters' bidding...one day they will also be dispensable...

I'll use an accounting analogy...the only balance sheet that balances perfectly is that of your own life...the assets in your life are you, your spouse, your parents, your siblings and your children...the liabilities are any wrong you inflict upon anything else of this earth...your liabilities can eat away at any of your assets so tread carefully...the likes of Vivian Reddy, Schabir Shaik, Thoshan Panday, Jay Singh and numerous other "Indian" businessmen who brown nose to reap benefits for their families may currently be enjoying the good life at the expense and in many cases to the detriment of the majority but their balance sheet will balance...