I Should Have Shorted The Phumelela Share!

I was never that good at picking winners in horse races. But perhaps I am better at predicting outcomes :

It's worth revisiting a post of mine from 4 years and 11 months ago which read as follows :

'In the last year or so I have been convinced that many of the ills currently being experienced by racing have as much to do with the affordability (or lack thereof) of the sport's traditional support base than anything else.

I have also watched in absolute amazement as selected high profile individuals have displayed seemingly bottomless pockets as they upped their interests in the game.

As most will know - many people have historically attempted to 'own' the sport and, almost without exception, have 'gone out'.

Optimists will point to the Arabs as being the exception to the rule. I would contend that you need a 'nation sized' budget, accompanied by a legion of taxpayers, to sustain the costs. Few of us mere mortals have those!

Current developments in the local financial markets are making me wonder once again whether, perhaps, a seismic shift might be about to take place involving some of our leading owners.

I speculate this because the JD Group - largely owned by Steinhoff International - has just reported a R1,92 BILLION loss. First domino? Who knows. Certainly I don't.......

Maybe it is time to reflect on the prophetic words of Winston Churchill who, after the first major Allied victory of WW2 at El Alamein, quipped :

This is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.'

Amazing foresight there Garrick and posted in a time when the boeties held absolute power.

As an aside let me put your mind at ease, there was never an opportunity to short Phumelela unfortunately.

Your posts and contributions over the years have always been worth reading and you have shared many words of wisdom.
Thank you again Garrick.