It’s been just over a week since Old Mutual announced its R4 billion cover for healthcare practitioners working during COVID-19. Since then, there have been several cases of health care workers at hospitals like Netcare and Mediclinic who have contracted the novel coronavirus. Old Mutual interim CEO, Iain Williamson joins CNBC Africa for an update of how the cover has been used so far?
Netcare’s St Augustine hospital in Kwa Zulu-Natal has been shut by government after 47 people working at the hospital contracted the coronavirus and four people died. Netcare CEO Dr Richard Friedland joins CNBC Africa for more.
Netcare says it’s delivered a resilient set of results in a challenging market. The hospital network operator posted a 0.9 per cent increase in profit after tax and a final dividend of 64 cents per share.
Netcare’s revenue for the March interim period has increased by 5.6 per cent to R10.520 billion. Its company EBITDA grew by 1.3 per cent with adjusted headline earnings per share decreasing to 84.3 cents. Netcare has forecasted slow growth within the next year due to the inclusion of Akeso Clinics as well as the acute patient demand being weaker in the first half. Dr Richard Friedland, CEO, Netcare joins CNBC Africa for more.
South Africa’s first black-owned and managed healthcare listed company RH Bophelo recently acquired Netcare hospitals, Netcare rand hospital and the Netcare Bell street hospital. Quinton Zunga, CEO at RH Bophelo joins CNBC Africa for more on this business venture.
Netcare has warned that acute patient day growth is expected to remain under pressure in the near term, while demand for mental health is expected to remain strong. The hospital group expects its service offering to be digitised by 2022. Joining CNBC Africa is Richard Friedland, Chief Executive Officer of Netcare.