South African racing

BSA Introduces Digital Sale

Bloodstock South Africa has launched its digital online sales platform, with the inaugural monthly BSA digital sale slated to begin June 5 and continue through noon, June 11. Entries opened yesterday (May 28) and close at noon, June 1. The sale will be held on a monthly basis: the first Friday of each month, and will close on the following Thursday at midday. The sessions will vary from weanlings, yearlings, which will qualify for BSA's Value Added Stakes Incentive, and broodmares, in addition to unraced and horses-in-training. Included in the...

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Phumelela Enters Business Rescue

Phumelela Gaming and Leisure (PGL) went into Business Rescue May 8, and a Post Commencement Finance ('PCF') deal has been agreed to with Mary Oppenheimer Daughters Pty Ltd ('MOD'), reported Sporting Post. One of the conditions of the deal outlined by MOD was that the PCF Board initiate Business Rescue. Charles Savage was appointed by MOD to act as an intermediary between the two entities. Previously facing bankruptcy (TDN, May 4), the injection of PCF will allow PGL to meet its financial obligations for the duration of the Business Rescue...

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