Discovery of the Omicron variant, which has seen others follow the UK ban on flights from SA, is a blow to SA’s tourism sector. The rand, which slumped to its weakest level in a year at the end of last week, could be set for more volatility as the discovery of a new Covid-19 variant and the resulting travel bans on the country battered its markets. Article by Andries Mahlangu with insights by Abdul Davids – Portfolio Manager for Kagiso Asset Management.
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