News

News

Hear no evil: Mkhize axes the critics from his expert’s panel - Rob Rose; Financial Mail (30 September 2020)

30 Sep 2020
Health Minister Zweli Mkhize has recently decided that he no longer needs the services of three of the most influential members of the ministerial advisory commit (MAC) on COVID-19: They are WITS professor Glenda Gray, who famously clashed with Mkhize in May; Prof Shabir Madhi; and Prof Francois Venter, who publicly criticised the more looney-tunes lockdown rules.
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Advanced Health gets R170 m bid for its South Africa facilities

30 Sep 2020
Day hospital group, Advanced Health received a R170-m offer from an interested buyer for 7 of its 11 facilities in SA. Negotiations are ongoing for the sale of the rest of the facilities.
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Medical aid schemes feel the pinch

30 Sep 2020
According to Discovery Health’s CEO, Ryan Noach, the entire medical scheme market took a dip in 2019 - a trend which continued into the pre-COVID-19 period in 2020, reported Fin 24 (28 September 2020). 
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Covid-19 response causes revenue drop for Netcare

30 Sep 2020

According to a trading statement for the 11 months to August, Netcare’s revenue has dropped by more than 12% due to COVID-19. Earnings before interest, taxes, depreciation and amortisation fell by 50.8% and operating profit by 61.5%. 


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Advanced Health gets R170 m bid for its South Africa facilities

30 Sep 2020
Day hospital group, Advanced Health received a R170-m offer from an interested buyer for 7 of its 11 facilities in SA. Negotiations are ongoing for the sale of the rest of the facilities. Advanced Health also has 4 facilities in Australia. The group has been struggling to grow SA’s day hospital industry after listing on the JSE in 2014. Its share price has declined by 89% over the last five years. According to its latest results Advanced Health’s loss for 2020 increased to R133.8-m from R38-m in 2019. It also lost R24.4-m in revenue, due to the C-19 pandemic.
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Pfizer set to produce vaccines in SA

30 Sep 2020
Pharmaceutical company Pfizer is increasing its manufacturing capacity for vaccines in SA, but it will not manufacture a OVID-19 vaccine in the country, reported Business Times (27 September 2020).
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COVID-19: The big wave is coming

09 Jun 2020

“It is only a matter of time before the rest of South Africa reaches the surge in COVID-19 coronavirus cases currently being experienced in the Western Cape, experts warn,” reported City Press (7 June 2020).


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