Rian Du plessis resigns

mg.co.za/author/amabhungane

is investigating Jooste and Crowd.
Part of that will include his links to Racing thru Mayfair Spec and other entities.
This will be a long process. Jooste will survive, however some of his Underlings may feel the heat.
I hope sale of Newmarket in investigated. that stunk from day 1.

anyways long game so take a pill and watch the drama

Rian du Plessis resignation

RIAN DU PLESSIS

Phumelela Gaming and Leisure Limited CEO Rian du Plessis has tendered his resignation.

SEPTEMBER 19, 2018
In a statement on the JSE news service, Phumelela said that Du Plessis had resigned for personal reasons.

“Rian has full confidence in the company’s executive management team, underlying business fundamentals and strategic direction,” reads the statement.

And as a further vote of confidence in the future success of Phumelela, Du Plessis has given the assurance that he will not consider disposing of any Phumelela shares held directly or indirectly by him, his family or otherwise in the foreseeable future.

Stepping in to take over the reins from Du Plessis is John Stuart, International Executive Director of Phumelela.

Stuart served his articles with KPMG before joining TAB KwaZulu-Natal in 1979 as Internal Auditor, and occupied various positions there before leaving in 1996 as Assistant General Manager. He then joined TAB Transvaal (transferred to Phumelela as part of the corporatisation process) in 1997 and served in various positions before heading up the international division in 2006. John also heads up the Tellytrack operation on behalf of the Tellytrack partnership.

He is also Executive Director of Premier Gateway International.

“With more than 39 years of experience in the horseracing and gaming industry, the Board welcomes John’s increased participation in the business and looks forward to his ongoing contribution.”

According to the statement, Du Plessis has also committed himself to assist his successor until the end of March 2019 to ensure a smooth transition.

“The Board and management team would like to thank Rian for his valued service and contribution to the company over the past 10 years. He led the development of a sophisticated business with multiple revenue streams and has formed a management team supporting long term stability and growth,” reads the statement.

“The Company’s financial results announcement scheduled for 5 October 2018 will be delivered by the new CEO.” – Phumelela Gaming and Leisure

......in bold PHUM all to quick to report about their shares held by Duppie and not to have rumors of a sell off create panic......so what hold do they have that loyalty will trump the difference between a considerable mega fortune and a satisfactory retirement nest egg ....:dry:

Ota if you so informed and yes you can call me a lacky Your dislike of Larry is well known but u 2 shit scared to say what u mean why because u not so informed and you not sure what has transpired ...

Len Sham wrote: Ota if you so informed and yes you can call me a lacky Your dislike of Larry is well known but u 2 shit scared to say what u mean why because u not so informed and you not sure what has transpired ...

Yet it worries you so much that you feel the need to post. Fish aren't biting here son. After your last post where you threatened me you can go f%*k yourself Len.

There is one thing that I am dying to find out about Larry though. Seeing that you are so well connected please ask what happened to the red waiter suit. I miss it. He looked so fashionable in it, ahead of his time.

OTA likes to dish out his opinions on all and sundry but opinions of other is seen as a threat to him ... cry me a river . because you are nameless you use foul mouthed language on a open forum.

I agree with Muhti , I think the statement is intended to calm the waters, and I'm quite sure the ex-CEO will not lose any sleep when the time comes to sell .... as for the guy in the red suit, I still don't know what he does (or has done) for the 'betterment of owners' - and I am still amazed that he is able to pull that salary every month :huh:

.....and maybe he can don that suit again on Tuesday....

Shares are on the slip today

Long may this continue.

It couldn't happen to nicer guys. I hope all Phum execs have share options higher than the prevailing price.