The CEO of Life Healthcare, one of SA’s largest private hospital groups, says its recent R21bn sale of its UK-based business Alliance Medical Group (AMG) to Icon Infrastructure was agitated for by shareholders who wanted to get dividend payouts.

Peter Wharton-Hood told corporate and investment bank Rand Merchant Bank (RMB) in a podcast last week that the company had to embark on a “reluctant seller strategy” to see the multibillion-rand transaction through...

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