Govt tries to grab Gold Circle’s money.

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4 weeks 1 day ago #780325 by Bob Brogan
Govt tries to grab Gold Circle’s money. was created by Bob Brogan
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4 weeks 1 day ago #780328 by louisg
Yip, they will only stop this feeding frenzy when there is absolutely nothing left and then they will leave office with their coffers overflowing whilst the masses beg for a crust....

...of course, on their way out, they will remind the masses that its all Van Riebeek's fault.
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4 weeks 23 hours ago #780336 by oscar
Lou what gets to me Christmas Day at 10pm, how sick. Its like those companies who hold their AGM's on 31st December at 11 pm.

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4 weeks 16 hours ago #780356 by Magi

louisg wrote: Yip, they will only stop this feeding frenzy when there is absolutely nothing left and then they will leave office with their coffers overflowing whilst the masses beg for a crust....

...of course, on their way out, they will remind the masses that its all Van Riebeek's fault.


Spot on Louis......

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4 weeks 6 hours ago - 4 weeks 6 hours ago #780387 by Over the Air
So why should Gold Circle think that they are any different to the rest of South Africa? While it is clear that this move was underhanded, we should never lose sight of the fact that racing is, and will always be seen as, a white elitist sport. Our fearless leaders must have the view that every meeting is a July meeting, and there is no reason to subsidise. Just have a look at the GC board, the GC trainers, the GC jocks, the GC owners. What percentage of those are black africans? I'm pretty sure that the Indian population would not count in this equation.

The obvious question that needs asking is what action, if any, was taken by the GC board when Phumelela lost their 3% present? Surely to goodness even Forest Gump would have realised that it was inevitable that it would only be a matter of time before the thieves came knocking? If my sums are correct GC went bleating and did fantastically. Instead of losing R24M they have now lost R40M. Well done.
Last edit: 4 weeks 6 hours ago by Over the Air.

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4 weeks 6 hours ago - 4 weeks 6 hours ago #780388 by Over the Air
KZN the undisputed champions of SA corruption and home of he he he Zuma. I cant see a happy ending to this.
Last edit: 4 weeks 6 hours ago by Over the Air.

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3 weeks 6 days ago #780524 by louisg
Well, OTA, what would you have done that GC did not do ?
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3 weeks 6 days ago #780548 by Over the Air
I'm pretty clear in what I say.

Perhaps you would like me to draw a picture?

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3 weeks 5 days ago #780573 by louisg
OTA, you still have not answered my simple question. So, if drawing a picture will help you explain, then do it.

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3 weeks 5 days ago - 3 weeks 5 days ago #780575 by Over the Air
Let me draw you a picture quite literally. I will reduce it to a level you should be able to understand.

There are two trainers in a training establishment. One trainer picks up a virus that has a material effect on the performance, and ultimately the future of his existence. The unaffected trainer has two choices:

i) Observe the effect that the virus has had on his colleagues operation and find out as much as to the causes and prevention of the virus so as not to be affected.
ii) Ignore the situation and hope like hell this will not affect your yard.

Which choice do you think GC made?
Last edit: 3 weeks 5 days ago by Over the Air.

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3 weeks 4 days ago #780606 by louisg
Still no reply to my question. What should Gold Circle have done?

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3 weeks 4 days ago #780610 by Over the Air
Clearly there's not too much gray matter between those ears.

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3 weeks 4 days ago #780617 by louisg
Look OTA, you have not been insulted, just been asked a simple question.

You have said that GC should have taken steps to avoid the situation instead of ignoring the situation. I ask you to explain what these steps that GC should have taken are and you still have not answered that specific question.

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3 weeks 3 days ago - 3 weeks 3 days ago #780631 by Over the Air
Louis its not difficult. GC were clearly aware of what had happened to Phum and "their" 3%. With the lack of transformation given as a prime reason for the cutting of this freebie, surely to goodness even a blinkered GC board would realise that it would only be a matter of time before greedy paws came looking for their 3%?

Any business needs to be aware of external threats in the macro environment and in my opinion, the GC board should at the very least engaged with the minister to get a handle on what the plans were with the 3% ( and establish where they were in terms of transformation perception ). The fact that they got a little xmas present at the time and in the manner that they did, tells me that the relationship between GC and the KZN Provincial government may not be as rosy as what it should be. In my opinion, the reaction to the notice, taking legal action before proper debate, has hurt them more than necessary. When last I looked 1.6% was a far better result than zero. Lessons maybe needed to be learnt from the boys up north don't you think?
Last edit: 3 weeks 3 days ago by Over the Air.

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