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Competition complaint by the Kwazulu-Natal Bookmakers Society and others
Phumelela Gaming & Leisure Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/016610/06)
Share code: PHM ISIN: ZAE000039269
(“Phumelela”)
COMPETITION COMPLAINT BY THE KWAZULU-NATAL BOOKMAKER SOCIETY AND
OTHERS AGAINST PHUMELELA, GOLD CIRCLE, KENILWORTH RACING, TELLYTRACK
AND OTHERS
Shareholders are advised that on 4 March 2015, the Kwazulu-Natal Bookmakers Society
(“KZNBS”) and others lodged a complaint with the Competition Commission. The complaint was
lodged against Phumelela, Gold Circle, Kenilworth Racing, Tellytrack and others. The
complainants alleged, inter alia, that the conduct of Tellytrack and its partners (Phumelela, Gold
Circle and Kenilworth Racing) of increasing the subscription fee for bookmakers was not only
excessive, but also with the intent and effect of lessening or preventing competition by 3 rd party
bookmakers in the downstream market. The complainants alleged that the conduct of Tellytrack
and its partners contravenes numerous sections of the Competition Act.
On 13 July 2016, the Competition Commission advised that it had considered the complaint and
decided not to refer any part of it to the Competition Tribunal for determination.
The complainants have 20 business days to refer the complaint to the Tribunal.
Johannesburg
19 July 2016
Sponsor
Investec Bank Limited
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