PHUMELELA, the JSE-listed horse racing and tote betting company, has announced that the Peermont Group will sponsor the Charity Mile November Handicap to be run over 1600m at Turffontein on November 7.
The race will be titled the Peermont Emperors Palace Charity Mile and will be the headline event at a 12-race meeting that will launch night racing at Turffontein. The meeting is provisionally scheduled to begin at 1pm, with the last two races being run under lights.
This year's Charity Mile will be a glorious event with top racehorses and celebritiescoming together under the banner of the Peermont Group in aid of charity.
In less than two minutes R550000 will be given away to charity. Each of the 16 participating charities will be represented by a runner in the Charity Mile and the finishing order of the runners will determine how much each charity wins.
The charity represented by the winner of the race will bank a massive R100000.
"Phumelela is delighted to welcome the Peermont Group as the headline sponsor of the event," said Phumelela general manager for marketing and communications Robert Garner.
"Details of the charities, celebrities and other elements of the day will be released in due course."
Bob Yearham, chief operating officer of Emperors Palace, said: "The relationship that Peermont has built up with the racing industry can only be enhanced further through this initiative and we look forward to a long and successfulpartnership."
The Peermont Group annually invests over R22million in corporate social investment and responsibility programmes, including education, skills development and community upliftment in partnership with stakeholders, including local government and leading institutions.
The group also places particular emphasis on uplifting communities in close proximity to its operations.