Hotel and travel shares surged on Monday to their highest level since before the outbreak of the pandemic and national lockdown, boosted by optimism that the UK will join other countries that have eased travel restrictions into the country.

The JSE’s travel and leisure index jumped 5.5% to its strongest closing level since March 6 2020, about three weeks before President Cyril Ramaphosa imposed an initial hard lockdown that was due to last about three weeks...

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