Shares in SA’s biggest private hospital group, Mediclinic International, rose to a six-month high on Wednesday after it announced it would sell its stake in UK peer Spire Healthcare Group for £287.8m (R5.6bn).

With a 29.9% holding, Mediclinic is the biggest shareholder in Spire, which is the subject of a £1bn buyout offer from Australia’s Ramsay Health Care...

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