Springboks
South Africa Super Rugby teams back in training on Monday
South Africa’s Super Rugby franchises will be allowed to start training next week, officials confirmed on Friday, a step closer to a return to the playing field after a frustrating four months. The game has been suspended in the country since March due to the COVID-19 pandemic, with South African Rugby having to sit idle as domestic competitions took flight in New Zealand and Australia. “This is an important first step back to playing, and we have taken it carefully to ensure full compliance and having thoroughly interrogated the regulations with government,” SA Rugby chief executive Jurie Roux said in a statement. “Contact training will not be permitted for the moment but the players will be allowed back onto the field with a rugby ball and back into the gym – while observing strict proto...
SA Regulator Flags Crowd1 as Suspected Pyramid Scheme
South African financial regulators have been taking a renewed critical look at Crowd1 – a nebulous, highly controversial and popular Spanish (or Russian) company that claims to be a networking marketing firm, among other things. Crowd1 has already been banned in Namibia and the Philippines, and other countries, under suspicions of foul play. Since last month, the South African Reserve Bank (SARB) Prudential Authority has been investigating Crowd1 – a part of what is known as Impact Crowd Technology Group. Looking specifically into whether or not the company is a deposit-taking organisation. According to MoneyWeb, Crowd1 has vehemently denied allegations made against it that it is, in fact, a pyramid scheme. However, claims made by the Bank of Namibia suggest just that. The Bank claim...
