Media Release: Gold Circle Announces Stakes Increase

Stakes for the minor race programme in KwaZulu-Natal will increase by an average of 11% as from March 1, 2013.

Making the announcement, Gold Circle Racing and Marketing Executive, Graeme Hawkins, said: “It is Gold Circle’s vision that the increase in stakes for minor races heralds an era of growth for owners and trainers in KwaZulu-Natal. I have every confidence that horse racing in this province will go from strength to strength.”

The highest percentage increase will be for Pinnacle Plate races that will rise by 21% to R115 000.

With few exceptions the stakes for all races will increase by between 10 and 11 % with the stakes for Maiden races increasing to R66 000 and Maiden Juvenile races to R72 000.

Races at the top end of the handicap scale will all be worth R100 000 or more.

A full list of increases is contained hereunder:

2012 2013 %

HANDICAPS Increase

Open 102 100 000 110 000 10%
Open 98 95 000 105 000 11%
Open 94 90 000 100 000 11%
Open 90 / Div 1 85 000 94 000 11%
Open 86 80 000 88 000 10%
Open 82 75 000 83 000 11%
Open 78 70 000 78 000 11%
Open 74 / Div 2 65 000 71 000 9%
Open 70 60 000 65 000 8%
Open 68 52 000 60 000 15%
Open Open Handicap 90 000 100 000 11%
F&M 98 100 000 110 000 10%
F&M 94 95 000 105 000 11%
F&M 90 90 000 100 000 11%
F&M 86 / Div 1 85 000 94 000 11%
F&M 82 80 000 88 000 10%
F&M 78 75 000 83 000 11%
F&M 74 70 000 78 000 11%
F&M 70 / Div 2 65 000 71 000 9%
F&M 66 60 000 65 000 8%
F&M 64 52 000 60 000 15%
F&M Open Handicap 80 000 88 000 10%

PLATES

Pinnacle 95 000 115 000 21%
Conditions (4 time winners) 95 000 105 000 11%
Conditions (3 time winners) 90 000 100 000 11%
Conditions (2 time winners) 85 000 94 000 11%
Allowance 85 000 94 000 11%
Progress 80 000 88 000 10%
Graduation 70 000 76 000 9%
Novice 65 000 72 000 11%
Maiden 60 000 66 000 10%
Juvenile 70 000 77 000 10%
Maiden Juvenile 65 000 72 000 11%

Media Release courtesy www.goldcircle.co.za