As SA’s stock markets crashed to their biggest intraday loss to date, officials scrambled to implement the drastic measures announced by President Cyril Ramaphosa on Sunday night to curb the spread of Covid-19.

The measures, including the closure of land and sea ports, the revoking of visas from high-risk countries — some of which have been among the country’s biggest sources of tourists and foreign direct investment — will likely have a severe effect on an economy that slipped into a recession in late 2019...

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