It should be frowned upon for a minister or proxy to call a CEO of a state entity enquiring about opportunities for comrades, writes Mpumelelo Mkhabela.
More sun than clouds. Mild.
JSE-listed horse-racing and betting operator Phumelela Gaming & Leisure is postponing the release of its annual results for the 12 months ended July 31, it announced on Tuesday.
Phumelela Gaming & Leisure has achieved “solid progress in all business areas” for its interim results, says CEO Rian du Plessis.
Meaningful investment in retail fixed odds and tote betting shops is realising improving returns for Phumelela Gaming and Leisure, says CEO Rian du Plessis.
Phumelela Gaming & Leisure CEO Rian du Plessis tells Fin24 the group is set to expand its local and international businesses after postings an increase in headline earnings
The Competition Commission is set to probe the horseracing industry after it received a complaint from an Eastern Cape horse breeder.
SA trading conditions have remained challenging for Phumelela Gaming and Leisure, while the strong rand has hurt its international operations.
Phumelela Gaming and Leisure chief executive officer Rian du Plessis has resigned from the horse-racing firm after 10 years at the helm.
Phumelela Gaming & Leisure says it achieved 7% growth in adjusted headline earnings to R106m in its results for the year to end-July.
Phumelela Gaming & Leisure posted a 15% jump in headline earnings per share, despite losses in horse racing and tote betting in SA.
Horse racing and tote betting is 22 times more labour intensive than a casino, per R1m of gross gaming revenue," says Phumelela's CEO.
Phumelela Gaming and Leisure has reported a 5% rise in diluted headline earnings per share to 82.76c for its full-year results.
The beauty of the EPS table is that you can spot the ‘sleepers’ – the companies that deserve wider recognition due to superior performance over five years.
Cape TownemergeR600 000.00 - R700 000.00 Per Year
Cape Townemerge R580 000.00 - R620 000.00 Per Year
Cape Town Southern Suburbs1st Contact T/A Sable International
R 3 395 000
R 3 750 000
R 13 950
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