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SOUTH AFRICARACING INTO THE FUTURE
Cindy:Cindy:
SOUTH AFRICA
First Race Meeting held 1804
Jockey Club Founded in Port Elizabeth in 1882
Jockey Club moved to Johannesburg in 1904
THE NHA : Racing
THE NHA : Structure of Board
7 Directors elected regionally by members
4 Directors appointed by - Gold Circle - Phumelela - Breeders - Owners
Chief Executive
2 Co-opted to achieve transformation
THE NHA :Regulatory System
the maintenance and operation of the General Stud Book;
the licensing and/or registration of all relevant participants in the sport;
the formulation and revision of the rules of the sport and of breeding;
the monitoring of training and the regulation of racing;
THE NHA : Regulatory System
(Continued)
the operation of a laboratory to discourage the use of prohibited substances;
the operation of an effective disciplinary and appeals system;
the recording and publication of all relevant data on the sport;
the handicapping of horses.
Racing Operators : Racecourses
Phumelela - Turffontein
- Newmarket
- Vaal
- Bloemfontein
- Kimberley
- Arlington
- Fairview
Gold Circle - Greyville
- Clairwood
- Scottsville
- Kenilworth
- Durbanville
CONSOLIDATION
Racing divisionBetting
divisionManagement
Racing divisionBetting division
Management
• Tellytrack• International• Saftote• Publishing
TRAINING CENTRES13 RACE CLUBS 7 TOTES
BROADCASTING TRANSPORT
CONSOLIDATION
SOUTH AFRICAN PROVINCES
1
1.5
2
2.5
3
3.5
2001 2002 2003 2004 2005(R)
bil
lion
s
NEW BUSINESS MODEL
INCOME Stabilised Growth
COST Restructured / reduced
Sustainable profitability
• Increased interest in racing
• Increased turnover• Continuity• Reduced risk• Better asset
utilisation
Benefits of imported simulcast
IMPORTATION OF NEW PRODUCTS
MAURITIUS
ZIMBABWE
UK
DUBAI
USA
HONG KONG
FRANCE
KENYA
EXPORT OF SA RACING
USA UKASIA
EUROPE
• Income• Larger pools• Development of
expertise and experience
Benefits of exported simulcast of South African racing
UK RACETRACKS
(Super Tracks in bold/gold)
•4
•27•31
•2
•5
•6
•1
•8
•10
•13
•11•16
•26•12
•14
•20
•21
•3•9
•15
•17
•18
•23•29
•19
•30
•22•28
•25
•24
1 Aintree 16 Kempton Park2 Ayr 17 Ludlow3 Bangor-On-Dee 18 Market Rasen4 Beverley 19 Musselburgh5 Carlisle 20 Newbury6 Cartmel 21 Newmarket7 Catterick Bridge 22 Nottingham8 Cheltenham 23 Pontefract9 Chester 24 Redcar
10 Doncaster 25 Salisbury11 Epsom Downs 26 Sandown12 Goodwood 27 Thirsk13 Hamilton Park 28 Warwick14 Haydock Park 29 Wetherby15 Huntingdon 30 Wincanton
31 York
INTERNATIONAL SIMULCAST
International Broadcasting
USA, UK, Russia, Belgium, France, Kenya, Ghana, Italy, Spain, Germany, Tasmania, Austria, Mauritius and Zimbabwe
DUBAI
INTERNATIONAL SIMULCASTING CHALLENGES
• Total service provision• Commingling• Regulatory / tax issues• Risk assessment• Exchange control risks• Piracy / betting exchanges
GLOBALISATION OF RACING
Where do you stand?
RACING STATISTICS
Season Ended 31 July 2004
• 12 Racecourses
• 436 Race Meetings
• 3 965 Races
• 176 Trainers
• 125 Jockeys
• 6 190 Horses in Training
• 41 840 Starters
• R179 088 335 Stakes Paid
RACING STATISTICS
Betting Turnover
• 30 April 2005 - R6,610 Bn
• 30 April 2004 - R5,739 Bn
• 30 April 2003 - R5,619 Bn
• 30 April 2002 - R4,926 Bn
BREEDING STATISTICS
Season Ended 31 July 2004
• 491 Breeders
• 106 Stallions
• 4 272 Broodmares
• 2 950 Foals (Estimated)
National Yearling Sales
2003 2004 2005
Lots Sold 428 457 477
Aggregate Value
63 835 000
89 745 0040,58%
105 140 000
17,15%
Average Price 149 147196 37931,67%
220 41912,24%
Highest Price1 700
0002 000 000
17,64%3 300 000
65%