Phumelela shares to delist from JSE as creditors wind up business 14th December 2020 | By Robin Harrison Shares in stricken South African horse racing operator Phumelela Gaming and Leisure Group will delist from the Johannesburg Stock Exchange early next year, as the business is broken up to repay creditors. Trading of Phumelela shares has been suspended since 8 May, when the company was placed in business rescue – a form of bankruptcy protection – that ultimately saw it accept a rescue deal from Mary Oppenheimer Daughters (MOD). This, in turn, saw creditors reject a ZAR925m (£46.0m/€50.7m/$61.7m) rival takeover bid from British operator Betfred.