PHUMELELA MEDIA RELEASE
SUBJECT: Stakes on Highveld and in Eastern Cape get big boost
DATE: Monday 21 June 2021
RELEASED BY: Phumelela Gaming
Ahead of the transfer of the horseracing and tote business from Phumelela to 4Racing, the parties are pleased to announce that initiatives are being undertaken to enhance the business through additional support of horseracing.
* Stakes for minor races in the Eastern Cape will increase from R50,000 to R60,000 per race in July. Additionally, Listed and Non-Black Type feature races in the Eastern Cape will increase from R85,000 to R100,000 and R80,000 to R90,000 respectively.
* From the start of the Highveld Spring Season in October, minor races in the three current tiers will increase from R70,000 to R85,000; R77,500 to R92,500 and R85,000 to R100,000 respectively. Simultaneously, Maiden Plates will receive an even bigger increase and rise from R70,000 to R90,000.
In addition, SAEHP (SA Equine Health & Protocols) has been provided with funding to stabilise its operations which were disrupted during lockdown.
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