The share price of spirit and winemaker Distell had its best day in almost a month on Monday after the government’s announcement that the ban on alcohol sales would be lifted from June 1.  

Distell’s share price had gained 5.90% to R78.58, while that of multinational brewing company AB InBev was up 2.10% to R740.24. This comes after President Cyril Ramaphosa announced the return of liquor sales under certain restrictions, as part of the easing of coronavirus lockdown measures to level 3.

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