Gold Circle was formed in 1996 when the Durban Turf Club, Clairwood Turf Club and Pietermaritzburg Turf Club amalgamated. Phumelela is licensed to operate horse racing and tote betting in seven of South Africa’s nine provinces (Free State, Northern Cape, Eastern Cape, and Gauteng) while Golden Circle control horseracing in Kwazulu-Natal which has racecourses Greyville and Scottsville.
All tote betting is commingled into a national pool. They contribute around half the country’s prize money which is generated from tote turnover.
Phumelela was formed in 1997 when horse racing was corporatized in Gauteng to ensure it was competitive as the gambling market was set to grow with the legalization of casinos and a national lottery. The two bodies which control racing in South Africa are Phumelela Gaming and Leisure and Gold Circle. Horse racing takes place in South Africa 364 days of the year which generates a massive R $7 billion turnover. It aims to ensure that thoroughbred racing is provided with the highest level of integrity. Horse racing is regulated by the National Horse Racing Authority, formerly The Jockey Club of South Africa, which was founded in 1882. Today it plays host to the biggest race on the calendar in the G1 Durban July at Greyville which was first run in 1897. South Africa has a long and rich history with horse racing with the first race taking place in the KwaZulu-Natal province in the 1840s.
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