We are on our way up already!

Bet types should remain the same. Would be nice if they re-introduced the consolation dupla ( double).

Gold Circle has announced that the stakes for minor races will be increased by 8% in KwaZulu-Natal as from Tuesday, 24 April 2012.

Speaking at a luncheon to launch Champions Season at Greyville on Thursday, Gold Circle’s Chairman, Robert Mauvis, said that he was very pleased that the Company was now in a position to offer increased stakes.

He also announced that the fifth place stake that was done away with when the company was forced to reduce stakes, will be re-introduced at the same time.

ends

Gill Simpkins
Public Relations Manager

Great news indeed and hopefully this a start on the road to stability

Craig Eudey Wrote:

---

> Gold Circle announced yesterday an 8% increase in
> stakes as from the 24th and 5th place stake was
> coming back. Sooner than we had hoped. We are on
> the road up!


Now might be a good time to advise all your owners of a 10% increase in training fees, Craig! Lol.

Great news Craig! Every bit helps at the end of the month.

Well Done

Good news all round then today PE and KZN things are looking up (

Good start - Now double the spend on marketing

how many month do a winning maiden check pay in training fee? in 1997 i win a maiden at newmarket it pay for 11 months training. today i think less than 6 if my sums are rite. well done the increase but do not life in a fools paradise like you must be gratefull for shit

I am sure it's around 6 months for a maiden in SA and in the UK it keeps you for only 1month?

That is about right Dave.

A maiden race in Cape Town returns about R35,000 to the winner. Deductions from that cheque at source amount to as near to 20% as makes no difference. So the nett amount is R 28,000 actually receivable.

It costs about R100,000 per annum all in (on average) to keep a horse in training. Industry players often 'overlook' the multitude of related expenses which land up in the owners mail box and which all contribute to the figure I quoted. Some centres and trainers are a lot more expensive than others so I am quoting an AVERAGE.

On this basis an average Cape Town owner with a competent Cape Town trainer would see a winners cheque disappear in under 4 months.

In addition there are fewer meetings in Cape town than almost anywhere else so the opportunities to earn are lesser. Ironically - that may well be one reason why the horses are better : Keeping soupmeat in Cape Town is definitely not a proposition. And the absence of opportunity encourages one to move them on quite quickly.