MARKET WRAP: JSE slips as rising Covid-19 cases prompt further restrictions

The JSE closed weaker on Tuesday, with its global peers mixed as investors mull further restrictions amid rising Covid-19 cases in the US and Europe. 

Monday’s news that American biotechnology group Moderna’s Covid-19 vaccine is 94.5% effective was a welcome development. But with the vaccine deployment still some time away, efforts by authorities remain focused on slowing the spread as Europe and the US grapple with rising case numbers.