Tumelo Matsose on founding SA’s first black-owned racecourse

October 14, 2018






Entrepreneur Tumelo Matsose describes himself as an "accidental academic" with over 14 years’ experience in the investment and asset management industry


The Bull Ring, a stylish new racecourse, restaurant and event venue in Randjesfontein, Midrand, was co-founded by Tumelo and Celeste Matsose.



The dynamic couple recently bought the Ranjesfontein Training Centre with a view of turning it into the lively space that it has now become.


The couple are business partners in Bullish Beer and the Bull Ring – Africa’s first black-owned racecourse


Tumelo describes himself as an “accidental academic” with over 14 years’ experience in the investment and asset management space, working with large financial institutions.


This entrepreneur holds an MBA from Gibs, a BCom degree in marketing and business management and an international marketing management diploma from IMM. He grew up believing that he could not complete a degree and chose to start working instead.


He walked into a learnership interview at Liberty Life uninvited and convinced the interviewers that he would be hardest-working employee if they took a chance on him and was selected alongside 11 degreed learners were selected.


He was the top student in the programme and became a manager at a very young age, leading older colleagues.


Two years into his career, he was involved in his first restructuring programme and left Liberty to join Old Mutual. He started studying, adding a Gibs MBA to his list of educational achievements. He also enjoyed stints at Bentley University and MIT in the USA.


It was in the USA that he met other hungry pioneers and was introduced to crypto-currency. Eager to start his own thing, Matgal Capital was born.


He now spends every waking moment building his company and continuing to learn.


He recently developed the first retail crypto-currency LISP fund, making cryptocurrency investment accessible to the average person by reducing customers’ specific currency risk.


The 150-seater Bull Ring Grill and Bar boasts stylish industrial decor and an extensive menu. It caters for all occasions – from business lunches and after-work drinks and tapas, to chilled family dinners and nights out with friends.


“We envisaged a lively locale where people could mingle and have fun in a relaxed outdoor setting out in the country and away from the city. One of the things we loved about the property is the sheer size of it, which provides the flexibility for clients to use the space in a vast variety of ways. They can utilise the existing infrastructure of the Grill and Bar, spill out into the more casual beer garden terrace outside, or we can bring in infrastructure to host massive events on the expansive lawns and racetrack,” said Celeste.


“We have ambitious plans for the Bull Ring and look forward to hosting many thrilling events here,” she added.




LINK : http://www.destinyman.com/2018/10/12/tumelo-matsose-founding-sas-first-black-owned-race-course/


Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER

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