I'm sorry to ruin your holidays. The video above is my only source for this information. I will summarize the key findings here.
A cluster of cases among students in Gauteng was recently sequenced. A new variant, B.1.1.529 was found. The mutation profile of this variant looks horrendous:
Each of the vertical black lines is a mutation from the original strain. For comparison, here is what the Delta variant looks like:
Some of these mutations have known phenotypic impact (effect on transmissiblity and immune evasion), while others are brand new.
As you may be quick to point out, more mutations does not equal bad. However, the proportion of sequenced cases comprised of this new variant is rapidly rising:
One might be tempted to say that this just the founder effect from the new cluster in Gauteng. However, while there has not been much full sequencing in other provinces, we can see that the lack of the "S-gene" in PCR tests, which the authors here are using as a signal that an infection may have been caused by this variant, is in fact rising rapidly in most provinces of South Africa.
Given that this is the most mutated strain of the coronavirus yet, we may be in for a rough time. The C.1.2 variant, seen in the image "Variant proportions in South Africa" above, was the strain with the most mutations until recently. C.1.2 never really took off the way that B.1.1.529 is taking off, though.
I expect that we will be hearing about this variant more. I think there is strong reason to believe that the high number of mutations in the spike protein will have a very negative impact on vaccine efficacy against this variant.
The new B.1.1.529 strain out of South Africa has 15 mutations in the RBD where majority of neutralizing antibodies bind. The current vaccines and even Delta-based vaccines probably won’t work against this new strain. Swift, vigorous containment is needed.
This screenshot from that thread claims that the new variant was ~89% of cases ~18 days after it was 1% of cases, meaning it went from a ratio of ~1:100 to ~810:100. If both delta and this new strain has a generation time of 4.6 days (first result from google for delta), that would indicate that it's R-value is the (18/4.6)th root of 810 ~= 5.5 times higher than delta's. (But some of that change could be explained by a shorter generation time.)
This is south africa's number of reported covid cases. There's a huge spike on nov 23.
The south african health ministry is claiming (in the slides linked elsewhere in these comments) that they reacted incredibly fast, publicly communicating the finding of the new variant to the world within 36 hours. But the numbers reported here look exactly like you'd expect if someone had deliberately sat on the data for several days, and then released it all at once.
Also, the graph (in the post) showing the proportion of different variants needs to be taken with a grain of salt. That graph makes it look like the new variant is taking over brutally fast, much faster than the delta variant did in its day. But if the reporting of cases is this uneven, then we cannot extrapolate any short-term trend at all.
EDIT: just saw Gurkenglas' other comment. If the data is wrong then my interpretation is irrelevant. But I'd still caution people to not jump the gun in predicting this new variant's behavior based on very little data.
This is a pretty strong indication of immune escape to me, if it persists in other outbreaks. If this was purely from increased infectiousness in naive individuals it would imply an R-value (in non-immune populations) of like 40 or something, which seems much less plausible than immune escape. I don't know what the vaccination/infection rates are in these communities though.