John Stuart resigns

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4 months 5 days ago #787148 by Bob Brogan
John Stuart resigns was created by Bob Brogan
Resignation of Chief Executive Officer:
Resignation of Chief Executive Officer

Phumelela Gaming & Leisure Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/016610/06)
Share code: PHM ISIN: ZAE000039269

RESIGNATION OF CHIEF EXECUTIVE OFFICER (“CEO”)



In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the board of directors
of Phumelela Gaming and Leisure Limited ("the Board") hereby notifies its shareholders that Mr John
Stuart is stepping down as CEO and as an executive director of Phumelela Gaming and Leisure Limited
(“the Company”) with immediate effect.


The Board and management team would like to thank John for his service in the horseracing and gaming
industry over the past 40 years.


Johannesburg
15 May 2020

Sponsor: Investec Bank Limited

Date: 15-05-2020 03:17:00
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4 months 5 days ago #787152 by flaunt
flaunt on topic John Stuart resigns
Out with the old and in with the new - part of the conditions

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4 months 5 days ago #787154 by Deputy Jud
Deputy Jud on topic John Stuart resigns
The worst CEO in the country as he took over
between him and Andy o Connor they “killed” Racing..
And then they took Edcon on to take over when Jan van riebeeck left
I say bring Jan van riebeeck back.

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4 months 5 days ago #787159 by oscar
oscar on topic John Stuart resigns
Lets hope it's not gonna be "same script different actors".

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4 months 5 days ago #787160 by RA Stranger
RA Stranger on topic John Stuart resigns
Good riddance, was CEO by pure default however did have a major influence for many years in promoting nepotism and cronyism at PHUM and associated racing entities.
The following user(s) said Thank You: Deputy Jud

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4 months 4 days ago #787205 by Deputy Jud
Deputy Jud on topic John Stuart resigns
Put in their by his buddies ..
We all know who should have been CEO when van Rie Beeck left but the difference between the two is the elected was share focused not racing focused, apart from one or two special appearances with his bald sidekick walking racecourses all over the country 🤣, I actually watched this joke, and what a joke it was, and then out came the Cheque book and it was party time. Let’s hope they sleep well knowing 30 000 or whatever the number is of staff and families are not earning salaries.. and im hearing they walked away with ffffff cash??? WTF!!!
@Andy O Connor - go to the Vaal racecourse now- Come see what we have train with.... it’s ffff up - but before you do, pay back the money they paid you last time to make suggestions!

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4 months 3 days ago #787260 by Deputy Jud
Deputy Jud on topic John Stuart resigns
Phumelela’s Rob Scott has also resigned - wasn’t sure if it was official but hearing definitely gone!

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4 months 3 days ago #787285 by RA Stranger
RA Stranger on topic John Stuart resigns
Good to know but most predictable as Rob Scott was a permanent fixture around Stuarts nether region

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4 months 3 days ago #787287 by Over the Air
Over the Air on topic John Stuart resigns
In the greater scheme of things John Stuart is but the fall guy and the focus should firmly be on Rian du Plessis and Andreas Heide. These were the kingpins in destroying Phumelela.

Rob Scott was a nasty piece of work if you worked for him and weren't part of the drinking circle at a well known Northern suburbs sports club. The things I have heard about how he treated staff, he deserves whats coming his way.

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4 months 3 days ago #787289 by RA Stranger
RA Stranger on topic John Stuart resigns
Rob Scott was heralded as a change maker when he was first employed and was supported by many. He however quickly fell in with the Jooste way of doing things and got most thick with Larry Wainstein and the path of least resistance by getting exposed among several other matters including the sectional timing invoicing debacle and that Formgrids copy job which under Scott was in the process of being to be blended into TT as part of a subscription package .

He also fiercely defended Stuart who aint no saint as his meddling and conniving at TT and other racing entities was very evident long before became CEO. He was the one that was always conducting underhanded interviews and talking devious strategies at his favorite watering hole just off Rivonia road.

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3 months 23 hours ago #789594 by Deputy Jud
Deputy Jud on topic John Stuart resigns
Robert Bloomberg Gone too! They falling over one by one! What a Poisonous trifecta. Robert Bloomberg takes the cake, he thinks so much of himself that resignation letter had me in tears! What a $XNT! How many reputations did he allegedly destroy in his time and allegedly through the sporting post? Who takes over now? Have you read the names on the ra cape chapter? What a bunch of rich kids and not one could help with cash, don’t let them get their hands on any pen or phones ffs! And Please please don’t tell me Jono the snaxxx is rubbing his hands to take over because I’ve been there most of childhood and young adult life and that now is a proper mrknowitall but he does ffff all and just loves the spot light and runs everyone down, that’s a proper dxxxs! No future there that’s why I left, shut the place down it runs at a loss every year for the last 20 years and like Bloomberg says they get a quarter of the National stakes pot and give us nothing back for it in turnover. I think it’s the biggest waste of millions going down a pit, don’t they know they lost loyal punters years ago. All that money in the pools on a cape race day I bet you only 20% of that money comes from Cape Town itself. Let the Cape trainers pack up and move north, don’t get left boys we’ve only got about 400 broken boxes left at the Vaal but I think it should be fine that’s the entire horse population anyway in the WC. That place cost a lot more than Kimberley so let’s play fair, close it down.

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3 months 18 hours ago #789629 by Bokked
Bokked on topic John Stuart resigns
Gosh, so many Scottish and Irish names gone from SA Horse racing.

:blush:

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3 months 17 hours ago #789631 by mr hawaii
mr hawaii on topic John Stuart resigns

Deputy Jud wrote: Robert Bloomberg Gone too! They falling over one by one! What a Poisonous trifecta. Robert Bloomberg takes the cake, he thinks so much of himself that resignation letter had me in tears! What a $XNT! How many reputations did he allegedly destroy in his time and allegedly through the sporting post? Who takes over now? Have you read the names on the ra cape chapter? What a bunch of rich kids and not one could help with cash, don’t let them get their hands on any pen or phones ffs! And Please please don’t tell me Jono the snaxxx is rubbing his hands to take over because I’ve been there most of childhood and young adult life and that now is a proper mrknowitall but he does ffff all and just loves the spot light and runs everyone down, that’s a proper dxxxs! No future there that’s why I left, shut the place down it runs at a loss every year for the last 20 years and like Bloomberg says they get a quarter of the National stakes pot and give us nothing back for it in turnover. I think it’s the biggest waste of millions going down a pit, don’t they know they lost loyal punters years ago. All that money in the pools on a cape race day I bet you only 20% of that money comes from Cape Town itself. Let the Cape trainers pack up and move north, don’t get left boys we’ve only got about 400 broken boxes left at the Vaal but I think it should be fine that’s the entire horse population anyway in the WC. That place cost a lot more than Kimberley so let’s play fair, close it down.


I must say that about 27 years ago I spent 2 weeks punting in various "totes" in the Cape and I could not believe how empty those places were

THE MORE YOU STUDY FORM THE LUCKIER YOU GET

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3 months 16 hours ago #789634 by Bokked
Bokked on topic John Stuart resigns
Sorry Mr Hawaii, Sir, please remind me again what these ‘totes’ are?

I think that they may have faded out of existence.

(Tongue in cheek, Coronavirus hastening their demise)

In all seriousness, there was a thread entitled ‘salute the tote trash’ recently. That was on pint in how the ‘powers that be’ seem to despise the humble tote player yet, as evidenced by the recent drop in pools, it is this humble tote player on whose backs the industry is carried.

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3 months 14 hours ago #789637 by Bob Brogan
Bob Brogan on topic John Stuart resigns

Bokked wrote: Gosh, so many Scottish and Irish names gone from SA Horse racing.

:blush:


Oi leave the Scots with Irish names out of it! PS your surnames is not exactly "Local is Lekker" :evil:

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3 months 11 hours ago #789641 by Bokked
Bokked on topic John Stuart resigns

Bob Brogan wrote:

Bokked wrote: Gosh, so many Scottish and Irish names gone from SA Horse racing.

:blush:


Oi leave the Scots with Irish names out of it! PS your surnames is not exactly "Local is Lekker" :evil:


I come from a sept of the Clan McLean of Duart from the Isle of Mull.

More crying at the loss of such good bloodstock in the local industry :(

:)

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3 months 3 hours ago #789646 by Dave Scott
Dave Scott on topic John Stuart resigns
Here is the SA branch

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