South Africa’s Richest Family Gives Horseracing a Lifeline
- Mary Oppenheimer Daughters provides Phumelela 100 million rand
- Racetrack operator filed for bankruptcy protection on May 8
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South Africa’s fastest horses may not be racing, but a branch of the country’s richest family is pumping money into the industry so that when punters are allowed to return to the track, there will be horses to bet on.