Hospitality stocks show a mixed reaction to lockdown extension
Hotel operators eke out modest gains while liquor maker Distell is flat on news that the alcohol sales ban will continue
12 July 2021 - 10:15
UPDATED 12 July 2021 - 19:30
Shares in JSE-listed firms that depend on tourism and hospitality showed a mixed reaction on Monday to the extension of the level 4 lockdown by two weeks.
Surging Covid-19 numbers, particularly in Gauteng, prompted expectations of further lockdowns, but the rand also came under pressure as political violence flared in the wake of former president Jacob Zuma’s imprisonment...
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