SA horse racing in dire straits as Phumelela likely to apply for business rescue – Port Elizabeth Business News: SA horse racing in dire straits as Phumelela likely to apply for business rescue: Major horse racing operator Phumelela is likely to apply for business rescue status ‘within a few days’ – plunging the troubled South African industry into chaos. Source: … [Read more...] about SA horse racing in dire straits as Phumelela likely to apply for business rescue – Port Elizabeth Business News |MyPE