MARKET WRAP: JSE tumbles as global markets reel over new Covid-19 variant

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The UK put SA back on the red list on Thursday, restricting travel between the two countries, while the EU also aims to halt air travel from the region.

The JSE fell the most in more than a year as global markets slumped after the identification of a new variant of Covid-19.

On Thursday, South African scientists announced that a newly identified coronavirus variant — B1.1.529 — had been detected in the country, which is thought to be behind the rising number of new cases in Gauteng...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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