South Africa Stocks Flat as Rising Covid-19 Cases, Lockdowns Weigh
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South African stocks extended its slide for a second day Monday as the country reintroduced tighter lockdown measures to rein-in surging coronavirus infections.
In a televised address Sunday evening, President Cyril Ramaphosa moved the country to alert level 4, the national second highest. The restrictions include a ban on the sale of alcohol, and outlawing of public gatherings. The president also directed the closure of schools to curb surging coronavirus infections.