South African lockdown

Phumelela Gaming and Leisure Ltd, which owns the majority of the racecourses in South Africa, is facing bankruptcy, Sporting Post reported on Monday. The company released its unaudited condensed consolidated interim financial results for the six months that ended on Jan. 31, 2020, and reported a loss of R115.1 million. Phumelela may now choose to file for voluntary liquidation. Racing was supposed to resume last Friday, May 1, but South Africa has continued its lockdown protocols due to the coronavirus. The G1 Horse Chestnut S., G1 South African Derby and...