Johannesburg - Private healthcare group Mediclinic International plc [MEI] was the star of the show on the JSE on Friday, gaining more than 13% in early trade.
The group, which also has interests in Switzerland, Britain and Abu Dhabi, announced on Friday that the authorities in Abu Dhabi decided to waive a co-payment requirement which could mean a boost to the group’s activities in a region which has not been performing as well as the other areas in which it do business.
By mid-morning the share price was 12.4% higher at R139.90 after trading more than 13% up in earlier trade. Mediclinic has not performed well recently and was only 3% higher over the past month, despite a weaker rand. Before Friday’s trade it was still more than 16% softer over the past 60 days.