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'It's bizarre how a public protector's interference with Phumelela could lead to its demise' - ex-CEO Rian du Plessis

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The horse racing industry in South Africa recently celebrated a victory when the Public Protector report of Busisiwe Mkhwebane, which ordered wide-ranging changes to the horse racing industry, was set aside by the North Gauteng High Court. Mkhwebane’s report, which was released in 2019, recommended that the Gauteng Gambling Board cease payment to Phumelela of a 3% levy on winnings from horse racing bets taken by fixed-odds operators in the province. To discuss the setting aside of the report, BizNews founder Alec Hogg spoke to the former CEO of Phumelela, Rian du Plessis, who stated that the implementation of this recommendation cost Phumelela around R80mn per year and ‘pretty much hastened its demise.’ Learn more about your ad choices. Visit megaphone.fm/adchoices

6 Sep 2021 10AM English South Africa Investing · Business News

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