South Africa eases lockdown restrictions – moving the country to alert level 2

(Bloomberg) – South African President Cyril Ramaphosa eased coronavirus lockdown restrictions in a bid to revive an financial system reeling from the consequences of the pandemic and every week of lethal riots.

The transfer to virus alert degree 2 from degree three comes as Covid-19 infections drop and can enable for larger exercise in an financial system seen contracting within the third quarter due to the unrest.

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