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SA Rugby warns WP Rugby to get its house in order – report

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SA Rugby has reportedly warned the Western Province Rugby Football Union (WPRFU) that it could be forced to intervene if matters at the Cape union do not improve.

Afrikaans newspaper Rapport reported on Sunday that SA Rugby officials held an “emergency meeting” with WPRFU president Zelt Marais and the union’s professional arm, Western Province Professional Rugby (WPPR), on Friday.

The report added that SA Rugby threatened the WPRFU with a takeover of its operations if the union’s current problems were not resolved. This comes after a letter, supported by WP’s senior clubs, was reportedly sent to SA Rugby asking it to intervene.

The Cape union has been in murky waters of late – in December it faced the news that Flyt Property Investment would be seeking “damages” over reneging on an agreement signed in June 2020, while American consortium MVM Holdings pulled out of negotiations around a prospective investment.

MVM

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House prices were up 3% at the end of December, index shows

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The annual house price inflation rate in the low value segment has decrease from 10.2% to 2.5%.

  • Contrary to expectations, housing prices did not “crash” during 2020, according to a new index report by Lightstone.
  • The index report shows that the mid-value segment ended 2020 at an annual house price inflation of 4.9%.
  • In the low-value segment, house price inflation has, however, decreased from 10.2% to 2.5%.

National house price inflation was 3.05% as at the end of December 2020 compared to a year earlier, according to the latest Lightstone Residential Property Index released on Monday.

House price inflation means the percentage at which house prices increased over the year in nominal terms; therefore, not taking general inflation into account.

On a provincial level, house price inflation was 3.1% in Limpopo; 5.7% in Mpumalanga; 4% in KwaZulu-Natal; 3.9% in the North West; 1.9% in Gauteng; 3.1% in the Northern

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Dow Jones Jumps 500 Points After House Stimulus Vote; DraftKings Stock Soars

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InvestorPlace

Marathon Digital’s Bitcoin Story Faces Some Serious Questions

Marathon Digital (NASDAQ:MARA) has been one of the single biggest winners of the past year. Incredibly, over the past 12 months, MARA stock is up more than 12,000%. Some of that is due to how low shares plunged during March of 2020, of course. But the run has been incredible regardless. As recently as November, MARA stock sold for $2. Now it’s in the high $40s. Source: Shutterstock The reason for the recovery is pretty clear: Bitcoin (CCC:BTC-USD) is back. Last year, crypto’s star had dimmed a bit. But now, with aggressive central bank actions to bolster the economy, traders fear inflation and are buying assets such as Bitcoin as hedges. Marathon Digital, a Bitcoin mining company, has naturally benefitted from the abrupt change in sentiment. However, speculators have gotten ahead of themselves in MARA stock. Marathon Is Still a Tiny

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