The Hollywoodbets Durban July, internationally acknowledged as Africa’s greatest horseracing event, has stood the test of time. The July Handicap, as the race was first known, made its debut on Saturday, July 17, 1897, at the Greyville Racecourse in Durban.
Since then, it has been run without interruption every year, even during the world wars. The race was first run for a stake of 500 sovereigns. Today, the stake is R5m. By this time, 126 years later, the economic implications of the Durban July are nothing short of remarkable.
In tomorrow’s race day, a capacity crowd of up to 48 000 people, will flock through Greyville’s gates. The event will inject about R65 million into the eThekwini Municipality’s economy.
Apart from the direct spend of R65m, it will also be…