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Entries in Thoroughbred Breeding in South Africa (4)

Tuesday
Feb142012

HALCYON DAYS

Jacob Zuma displays new Nelson Mandela banknotes
President Jacob Zuma holds up South Africa’s new 50 rand note
bearing Nelson Mandela’s image…
(Photo : 2 Oceans Vibe)

“Be fearful when others are greedy,
and be greedy when others are fearfull.”

Warren Buffett

Mick Goss - Summerhill Stud CEOMick Goss
Summerhill Stud CEO
The 2011 edition of the South African Racing Fact Book has just been published, a labour of love by former Gold Circle chairman, John Bescoby. You don’t have to be a racing aficionado to know that it’s an invaluable piece of work, especially if you’re interested in the economics of the game.

Among the many famous things the world’s greatest investor, Warren Buffett, has said in his 82 years on the best time to be involved in the market is : “Be fearful when others are greedy, and be greedy when others are fearfull,” or words to that effect. If you’re into breeding racehorses, pages 36 and 37 of the Fact Book are a revelation. The tide has gone out on the number of registered breeders, and especially on the number of mares returned (i.e. those reflected as having been bred in the records of the National Horse Racing Authority). Assuming these statistics are reliable, as we’ve been predicting, the broodmare population shrank by some 500 head in 2011 (not quite the 25% the pundits have been professing, but a sizeable number nonetheless). On the basis of a worldwide average of 60% live foals to mares in active service, the total number of foals we may anticipate from the 2012 crop will be of the order of 2800. We all know what happened last time there were less than 3000 foals on the ground.

Breeders had never had it quite so good before, and those who had stock cashed in with both hands, as the demand for racehorses outstripped supply. The number of colourholders has held its own despite the times we live in, unless you are a doomsday prophet, the signs for a bull market in 2014, are up there in technicolor. South African racing has traditionally demanded something approaching 3500 foals a year to sustain its fields, and if that is the fundamental number, the 2012 foal crop will leave us close to a 700 head (or 20%) short of the mark. Imports are becoming increasingly expensive to acquire, not only because the domestic markets in the countries favoured by South Africans (Australia in particular) have already begun their recovery, but also because of Rand weakness (though who knows, now that we have Nelson Mandela’s image on our banknotes, what kind of effect that could have on the Rand)?

All of this has to be seen in the context of our history as a racehorse-producing nation. In the boom years of the 80s and early 90s, there were more than 7000 broodmares in use in South Africa. The foal crop was up there in the vicinity of 5000, and breeders were still making money. The racing operators were enjoying a bit of a bull run, and the prize money to cost ratio was the third best in the world. A maiden victory would keep a horse for 9-10 months, and with a bit of place money, you could break even on livery.

Last week, we penned a piece on the new prosperity of our operators, and we included a speculative line on what that might do to prize money going forward. It seems as if there might be a serendipitous convergence between the shortage of horses in production, and the upward momentum in prize money. You don’t need a doctorate to understand the possibilities.

Friday
Feb102012

THE "IN" SCENE

Thoroughbred Farming in the KwaZulu-Natal Midlands
Thoroughbred Farming in the KwaZulu-Natal Midlands
(Image : Summerhill Stud)

KWAZULU-NATAL MIDLANDS
SOUTH AFRICA

It wasn’t that long ago that our district was the “in” place among investors in stud properties. Graham Beck, Cyril Hurwitz, John Ellis, Brian Jenks, Ronnie Rosen, Peter Moss, Bobby Jameson, Peter Koster, Guy Landon, Roy Meaker, Hilton Hall, Henry Khan, Ghait Schumacher, the Pappas family, they all threw in their dosh with the established entrepreneurs, the Scott Bros and George Rowles, in the plains between Mooi River and Fort Nottingham. The Oppenheimers and Gary Player were a hair’s breadth away from joining the rush for local farms, too.

While they were not in the same league in terms of resources, the young Goss brothers Pat and Mick, had just kicked off their endeavours at Summerhill, and their All-Black neighbour, Alan Sutherland and his Miss South Africa wife, Vera, secured the farm next door. It was a vibrant time in the Midlands, as it emerged from a thirty year slumber in horse breeding terms. There was a golden era in the 40s, 50s and 60s, when great farms like Hartford, the Labistours of Dagbreek, Joyce Tatham’s Springfield, and Harry Barnett’s Springvale took out half a dozen Durban Julys in a ten year stretch between 1946 and 1954, and threatened the supremacy of the all-conquering Birch Bros for the Breeder’s Championship.

Along with this investment, came a period of overwhelming prosperity in the horses emerging from these valleys. Success bred success, and the arrival of the stallion greats Northern Guest and Foveros, and right behind them Secret Prospector and Rakeen, witnessed the national sires’ log hosting four Nottingham Road, KwaZulu Natal-based horses in the top five for the first time ever. Then there were those like the Maktoum family of Dubai, who, whilst not landowners, established the most profitable horse division they’d ever owned at Summerhill, through the support of local breeders. The KZN Breeders Premium scheme, the only one of its species to survive in this country, was an obvious drawcard, though it wasn’t without howls of protest from other regions about its existence, and what it was doing in concentrating the resources of the country in one area. In a manner of speaking, KwaZulu Natal was exploding in the growth of its stud farms, though it’s fair to say, that while they were long on capital, we were relatively short on skills. That’s always the case when new businesses suddenly proliferate. The old centres of excellence, the Karoo and the Eastern Cape, whose economies were largely based on sheep farming, were suddenly battling, and were a shadow of their former selves, the product no doubt of the decline in demand for wool.

By contrast, the traditional bastion of breeding, the Western Cape, was farmed by old families with what the old people used to call old money, though the latter was in relatively short supply. While the dough was in KZN, the strength of the Cape lay in its traditions of horsemanship and the intimacy of its farmers with their land. This was Natal’s moment, when the advantages of a spectacular environment and a quartet of the best stallions on the continent converged, yet somehow we let it slip, by underpromoting the virtues of their land, their climate and by then, their horsemen, and crucially, their Breeders Premium scheme.

The pendulum swung west again, and an unprecedented scramble for Cape properties manifested itself among the wealthiest families in the land. Mary Slack, diamond and gold heiress; the greatest industrialists of our time, the Ruperts; Andreas Jacobs, heir to a family fortune in the coffee business; Sabine Plattner, whose husband Hasso had founded one of the giant IT companies of the world; Shirley Pfeiffer, whose cash cow was Rainbow Chickens; the Rattrays of Mala Mala fame; Markus Jooste, Bernard Kantor and Chris van Niekerk, furniture king, banker and builders merchant respectively; one of Africa’s greatest coal miners, Graham Beck, Tony Taberer, tobacconist extraordinaire; senior counsellor Altus Joubert, and a raft of others including Gold Circle chair, Ken Truter, all joined the rush for the rediscovered El Dorado, and once again established the Western Cape as the principal “provider”.

If there was a glimmer of hope for KwaZulu Natal, a thread by which it could be saved from a retreat to the forgotten land, it lay in the perseverance and the guts of those who had nowhere to go, and the rise to the mountaintop of Summerhill. The history of breeding in South Africa, is unique, in that it has been dominated by just a few farms over the centuries. In its infancy (and we speak of the early 1900s as opposed to the hitherto relatively small industry of prior centuries,) the champion producers were principally the Randlords, the fabously wealthy monopolists of the diamond and gold businesses. Sir Abe Bailey, Sir Alfred Beit, Cecil John Rhodes, Henry Nourse and the ex Governor of Griqualand West, Sir Richard Southey, all had their businesses (and hence most of their residences) in Johannesburg, while their diamond interests were in Kimberley. The Karoo was perfectly placed, bang in the middle and it made sense to visit their Karoo farms en route between the two. As the biggest breeder in the world at the time, Nourse was the undisputed “King Henry” of his era, and his throne was usurped after his death by the rise of the Birch Bros of Doordrecht (Eastern Cape) whose famous conglomerate counted several farms belonging to three brothers.

The official records date only as far as the early 1900s, but it’s a remarkable fact that since then, only a handful of farms (or family entities, such as the Birches and Kosters were), have aspired to the most tightly held premiership in the world. Highlands Farms, the Koster Bros, Maine Chance Farms and the Cohen’s Odessa were the main protagonists and challengers to the Birch supremacy, and each of them held the crown at one point or another. We know of course, that the Ellises of Hartford (now part of Summerhill) were their most ardent pursuers for two decades, but with fewer than 30 mares at any one stage, it was a pastime in vain.

They didn’t let up though, in KwaZulu Natal, and in 2005, Summerhill became the first farm this side of the Drakensberg, to inscribe its name in the history books. By the closure of the curtains on the 2011 season, they’d strung together a record for the most recent 50 years, of seven consecutive titles. That, and a tenacious reminder from several other farms in the area, told the world, they were still in business, and that we were here to stay. At last, the cock is crowing again across these verdant plains, and there are signs that Rip Van Winkle is coming back to life.

The boys at Backworth have one of the most beautiful properties in the province; Englishman Mike Smith has revived Aldora, one-time banker to the bankers, Koos de Klerk became our biggest landowner in a very short while, and Moneyweb’s Alec Hogg (founder of SA’s first tipping guide, Racing Digest) has become the celebrated neighbour at Summerhill.

He’s not alone in abutting with the champion breeders, though; on the ridge, they call Beverley Hills (more appropriately “heavily bills”!) is the man the country’s pinning its mining hopes on these days, Bernard Swanepoel and his lovely lady, Tracey, also looking down upon Summerhill.

And “looking up” from their fine spreads in the Mooi River valley, are ex Capetonians William and Claire Meyer (who’ve obviously woken up to the fact that there is life on this side of the Drakensberg) and “Group One” French breeders, Xavier and Natalie Bozo, who in celebrating landmark birthdays last week, are the best proof that it’s never too late to put down new roots. If you’ve any doubts about the sincerity of their intents, take a drive past, and check the activity.

summerhill stud, south africa

www.summerhill.co.za

Wednesday
Oct282009

LONDON NEWS : PASSING OF A WARRIOR

london news

London News
(Photo : Freeman Stallions)

LONDON NEWS

It wouldn’t be overstating things that London News record-breaking victory in Hong Kong’s Queen Elizabeth II Stakes (Gr.1) in 1997, was as big an event for South African racegoers, as the Springboks’ World Cup victory was in 1995.

As a five-time Group One winner, he gave weight and draw to the whole field, and while it would be overdoing things to say he beat “the world” on that historic day, that he broke the Sha Tin track record and had some serious performers in his wake, is no exaggeration.

As we remember one of South Africa’s gamest racehorses, lamenting his passing reminds us that this was no one-race-wonder. The Classic at Turffontein, the Daily News 2000 and the July at Greyville, and an astonishing performance in the J&B Met are all part this man’s C.V. Yet it was that day at Sha Tin that sticks in the mind.

He was the first “South African” to win abroad in the post-political era, and he was the first to win at anything like this level in the East. But those who lived through the political turmoil of the 1970s and 1980s, will know what events like this brought in the way of relief, and especially the recognition among local horsemen, that we could do it. It’s probably not beyond the realms of possibility, that it was this one performance that stimulated the likes of Mike de Kock to try their hands so in foreign climes in the years that followed. That’s another story, and it’s now so long, it demands a tome.

As much as anything, London News’ big day in Hong Kong was a tribute to the enterprise and sportsmanship of Laurie and Jean Jaffee, and the sad events of Monday which saw this great warrior laid to rest, brings to an end a spectacular chapter in the lives of three great South Africans.

Friday
Aug152008

South African Racing Season... a Vintage One

south african horse racing

South African Racing
(Neil Gould/Corporate Sports)

The South African racing season that has just drawn to a close will be remembered as a vintage one, writes Nicola Hayward for Thoroughbred Internet.

Pocket Power won the Queen’s Plate G1 and J&B Met G1 double for the second successive year and then went on to dead heat with Dancer’s Daughter for first place in the G1 Vodacom Durban July. In so doing, he helped Jet Master to the title of Champion Sire for the second year.

Jet Master not only sired Pocket Power and his full sister - the G2-winning filly River Jetez (who was fourth in the Vodacom Durban July) - but also the top class sprinter JJ The Jet Plane, winner of his last five outings, three of which have been at Group One level. For this reason, his progeny finished with earnings of R14,437,903, nearly R5.5m ahead of Western Winter in second place.

Summerhill Stud was as mercurial in the manner in which it once again won the title of Champion Breeder. The team at Summerhill sent out 241 runners through the season for total stakes earnings of R15,835,423. Odessa Stud (D Cohen and sons) was runner up with stakes earned of R10,076,996. Imbongi (Russian Revival) was the top earner from Summerhill, who are also the breeders of the good filly Outcome, the ill-fated Emperor Napoleon and G3 winner Umngazi. Champion Freshman Sire honours went to the late Labeeb, who stood at Summerhill before his premature death two years ago.

In 2006/2007 the trainers’ title went down to the wire with a three-way tussle between Charles Laird, Geoff Woodruff and Mike de Kock. Geoff Woodruff prevailed and Charles Laird finished second. In mid-July, Charles Laird would have been forgiven for thinking that this year he had it in the bag, but Mike de Kock is ignored at one’s peril. Mike de Kock had a fine day on Champions’ Day at Clairwood on July 2: Zirconeum was runner-up in the G1 Thekwini Fillies Stakes and Rocks Off, an imported son of Orpen, won the G1 Premier’s Champion Stakes while Front House prevailed in the G2 Gold Circle Oaks. To cap it all, Winter Weather won the G2 Gold Circle Derby. In contrast, Charles Laird had a day he would rather forget: crack two-year-old colt Warm White Night was well beaten in the G1 Premier’s Champion Stakes and Our Giant faded in the G1 Champion’s Cup.

The trainers had to wait for the seventh race at the Vaal on the last day of the season before it became clear that Charles Laird would once again have to settle for the runner-up spot – by a margin of just R158,039 on total local earnings by Mike de Kock of R12,509,614. Third place went to young Cape-based trainer Justin Snaith with the other top Cape trainer Mike Bass in fourth. The performances of Justin Snaith and Mike Bass deserve mention since neither sent horses to any of the lucrative Highveld meetings – home base to both Mike de Kock and Charles Laird. Not only did Justin Snaith send out Dancer’s Daughter for four G1 wins in the season but he also conditioned dual G1 winner Russian Sage and Captain’s Lover winner of the G1 Cape Fillies Guineas. Mike Bass conditions Pocket Power and River Jetez, as well as the G1-winning filly Consensual and Bill Of Rights a G3 winner.

This is the fourth time that Mike de Kock has taken the trainers’ chamionship, but is perhaps the most impressive given his well-reported falling out with Team Valor, and the fact that he had such an outstanding season abroad, highlighted by Group wins for Archipenko in Dubai, Hong Kong and Great Britain. Unlike his competitors he did not have a real superstar in his local yard this year and it is testament to his canny ability with horses and the great team that he has collected around him that he was able to take the title. Some notable performers include Thundering Star, winner of the G1 Gold Cup at the start of the season, Archipenko, the G1-winning two-year-old Forest Path and G1 sprinting Brazilian-bred filly Rat Burana

Mike de Kock has done so much to put the South African racehorse on the international racing map. He had the courage to take Horse Chestnut to America and then to go to Dubai with his first small string when everyone at home said that he would fail. Because of his vision and the success of horses like Victory Moon, Ipi Tombe and Irridescence, the face of South African racing has changed and the international spotlight falls on the region far more often. Not only has the country exported some excellent horses but the horsemen that go with them are able to hold their own anywhere in the world – no one more so than the current champion trainer himself.

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