‘Industry-killing’ BEE levy in KwaZulu-Natal bill slammed

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The targeted Gold Circle funding subsidies keep the provincial horse-racing industry alive, says former chair Bill Lambert

Horse racing in KwaZulu-Natal is heading for rough seas if a bill under discussion in the provincial parliament is passed, says Bill Lambert, former councillor and caucus leader for the DA in Msunduzi Municipality, and a former chair of the Gold Circle owners and trainers chapter.

“The bill had already got off to a bad start, being published and republished a number of times between November 2021 and January 2022. The immediate opposition to the bill was to be expected given its enormous potential to decimate an entire industry in the province, with severe economic knock-on effects.

“The funding also provides financial and operational support to rural racing in KwaZulu-Natal and various corporate social investment programmes — all initiatives that foster transformation in the industry.

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France Dernières Nouvelles, France Actualités