Economics
South Africa Declares Disaster as Coronavirus Cases Increase
- Country to deny visas to American, British, Chinese nationals
- Stocks tumble as Citigroup flags downside risks to economy
An assistant measures the temperature of an incoming visitor of the Netcare Sunninghill Hospital in Johannesburg on March 12.
Photographer: Michele Spatari/AFP via Getty Images
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South Africa declared a national state of disaster over the coronavirus outbreak and announced the continent’s most drastic measures yet to curb its spread. Stocks slumped to a six-year low, bonds fell and the rand weakened.