Remgro, the listed investment holding company chaired by Johann Rupert, says SA’s second wave of Covid-19 hit harder than expected, with group profits more than halving amid pressure on investees FirstRand and Mediclinic.

Remgro described Covid-19’s effect on SA in the second half of 2020 as “devastating”, with the second wave characterised by a  new variant of the coronavirus with higher infection rates and greater severity of symptoms...

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