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The South African rand strengthened on Tuesday, benefiting from a weaker dollarafter Moderna's chief executive said COVID-19 vaccines are unlikely to be as effective against the Omicron variant as they have been with other types. ....
South Africa's recovery from its deepest economic contraction in almost three decades risks being derailed by the identification of a new coronavirus variant that prompted several European nations to ban travel to and from the country ....
The restrictions deal another blow to South Africa's battered tourism industry, which buckled under the weight of border shutdowns and stop-start domestic lockdowns over the past year and a half.
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