HORSE RACING
Steinhoff scandal can trip up horse racing industry
Not for the first time this year, the sport of horse racing finds itself in the spotlight for all the wrong reasons. In March, Pretoria businessman Adriaan van Vuuren, owner of Triple Crown winner Abashiri, committed suicide after he had allegedly defrauded Telkom of half-a-billion rand. Now Markus Jooste — leading owner for numerous seasons and someone who has backed racing with large investments — is headline news following allegations of irregularities regarding Steinhoff — of which he was CEO. It has resulted in a huge decline in the company’s share price with the spiralling effects hitting the pensions of people throughout SA. This has resulted in the Public Servants Association (PSA) call for a boycott of January’s Sun Met should any of Jooste’s horses compete in the race. The PSA has also written to Sun International asking it to consider the unfolding events and reconsider its involvement in the race to protect the brand and compel the event organisers to exclude Jooste’s ho...
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