The stakes pool for non-feature races in KwaZulu-Natal and the Western Cape will be increased by almost R5-million from Sunday.
Gold Circle Racing has released details of the increases which will boost the company's total stakes commitment for the two regions to a massive R119 736 000, of which R96 811 000 will be for non-feature races.
Michel Nairac, Gold Circle CEO, said he was delighted to announce the new stake increases as they formed part of Gold Circle 's philosophy to maximize returns to stakeholders.
For the past three years we have been able to increase stakes twice a year and we are confident that with the prevailing economic conditions we will be able to do so again this year.
Stake increases of up to 11.11% have been made in both regions with MR106 and conditions races in the Western Cape enjoying the largest increase to raise the purse from R90 000 to R100 000.
In KwaZulu-Natal the largest increases R6 000 per race will relate to some of the lower division events. These are for D and D/E Division events, Graduation Plates and races for Juvenile Winners which will now carry stakes of R60 000.
The new stakes breakdown for the two regions are:
KwaZulu-Natal :
Maiden, Maiden Juvenile, Novice, E and E/F Divisions |
R57 000 |
Graduation, Juvenile Winners, D and D/E Divisions |
R60 000 |
B, B/C and C Divisions |
R70 000 |
A, A/B and B Divisions |
R90 000 |
Western Cape :
Maiden, Maiden Juvenile and Claiming Stakes |
R52 000 |
Novice and MR 74 |
R53 000 |
Graduation and MR 78 |
R55 000 |
MR 84 |
R59 000 |
Juvenile Plate |
R58 000 |
MR 86 |
R62 000 |
Progress |
R65 000 |
Allowance and MR 90 |
R68 000 |
Advance and MR 96 |
R77 000 |
MR 100 |
R85 000 |
MR 106 and Conditions |
R100 000. |