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South African Rand sank to its lowest since October last year

The South African Rand sank to its lowest since October last year after the discovery of a Covid-19 variant described as the most concerning so far.
The decline was led by hospitality shares, which fell sharply. Chairman of Business for South Africa Steering Committee, Martin Kingston unpacks the effects of this announcement on business.

Tune into Newzroom Afrika, DSTV channel 405 for more details.

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