City Press article, January 2012

Born ‘n’ bred for the races 2012-01-15 10:00           Always think out of the box when you put together your unique ensemble because “standing out” is a must Galleries   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories Related Links Go gaga for the Met Mokgadi Seabi Equestrian sports have become the new golf. They provide the ground where the well-heeled and the fashionable mingle while placing bets to increase their wealth or simply for the thrill of it.   Between polo and horse-racing events such as the L’Omarin Queen’s plate, the Durban July and the upcoming J&B Met, locals are now spoilt for choice.   A select few of these participants have also realised that they can have the fun lifestyle experience while making money by owning a racehorse.   Personalities such as film producer Anant Singh, South Africa’s richest family the Oppenheimers, business mogul Patrick Maponya, TV producer Carol Bouwer and Erfsondes star Emmanuel Castis all own or have shares in various racehorses.   Granted, most of them also have buckets of money to fund this venture and that means they can treat it as a hobby.   As Penny Broodryk, a marketing executive at the Racing Association, explains: “Buying a horse may offer rewards but it’s important to acknowledge that it is nevertheless a speculation. Before you get involved you need to accept that horses are not machines and there is no guarantee to your investment.   “The risks are high but the rewards, both financial and emotional, can be substantial.”...