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0.000509764978483934 -0.000165508109897352 0.000331016219794822 -0.000331016219794704 -0.000337636544190702 0.00761337305527972 0.00761006289308178 0.0095994703740483
Stock impact report

South Africa's delivery firms switch to meds, groceries during pandemic [Reuters]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Reuters
South Africa's delivery firms switch to meds, groceries during pandemic JOHANNESBURG (Reuters) - A solitary motorbike rumbles through otherwise silent streets in Johannesburg, South Africa’s once bustling commercial hub, now transformed into a near ghost town by one of the world’s strictest coronavirus lockdowns. A few months ago its driver, like most others in the city, would probably have been delivering fast food like fried chicken or burgers to convenience-seeking consumers. Now, as Africa’s most advanced economy groans under the weight of the pandemic, delivery firms have found a lifeline in dispatching essential goods instead. With restaurants and retail businesses shut, it’s a strategy firms like Naspers-controlled MrD Food, Uber Eats, Netflorist, ride-hailing app Bolt, and drinks seller BOTTLES hope will ensure their survival. It could also leave them well positioned to profit from a rapid shift to online shopping which, though accelerating even before the pandemic, had lagged Show less Read more
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