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South African President Cyril Ramaphosa scrapped a ban on the sale of alcohol and tobacco and relaxed other lockdown restrictions as the nation’s coronavirus crisis eases.
The country, which in late March implemented one of the world’s strictest lockdowns to curb the spread of Covid-19, will move to so-called alert level 2 on Monday, enabling most restricted economic activity to resume, Ramaphosa said in a televised address to the nation on Saturday.
“We are making progress in our fight again Covid on a number of fronts,” Ramaphosa said. “Amid the signs of hope, we are ready to enter a new phase in our response to the pandemic.”
64,732 in IndiaMost new cases today
-1% Change in MSCI World Index of global stocks since Wuhan lockdown, Jan. 23
-1.023 Change in U.S. treasury bond yield since Wuhan lockdown, Jan. 23
5.4% Global GDP Tracker (annualized), July