MARKET WRAP: JSE soars 5%, rand firms 2% on speculation China may ease strict Covid policy

Miners pushed the JSE all-share index 5% higher on Friday — its biggest one-day gain since March 2020 — while the rand strengthened 2.1% as global markets rallied on prospects of China easing its strict Covid-19 policy. 

Bloomberg reported on Friday that the world’s second-largest economy is working on a plan to end a system that banned individual flights for bringing in passengers infected with the Covid-19 virus…