Mary Oppenheimer and Daughters, a company linked to the family of late mining baron Harry Oppenheimer, has criticised a rival offer for some of the assets of horse racing and betting company Phumelela Gaming & Leisure. The company says a September 1 deadline imposed by UK bookmaker Betfred on Phumelela to accept its offer is "unrealistic". Phumelela filed for business rescue in May in the wake of a ban on horse races at the start of the nationwide lockdown. Phumela filed for business rescue in May. This follows a "binding offer" of between R875 million and R925 million for Phumelela's entire business offered by Betfred last week.

Source: News 24 August 29, 2020 13:14 UTC