AfroCentric Investment Corporation has released its financial results for the year ending December. The JSE-listed healthcare giant reported a massive spike in revenue. However, the group also faced a significant basic loss. This was primarily due to heavy asset impairments and strategic business disposals. Massive Revenue Growth For AfroCentric The group’s continuing operations showed exceptional top-line growth. Total revenue climbed…
Category: Archive
Every Health Matters article, newest first. Use the search or browse by month to find older reporting.
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Huawei AI In Healthcare Drives Global Clinical Innovation
Chinese technology giant Huawei is intensifying its investment in Huawei AI in Healthcare, positioning its new tools as “transformative” solutions for the sector. The company, already a major player in South Africa’s energy and banking industries, has identified healthcare as a priority area for growth and service modernisation. In its domestic market, the “AI+ healthcare” initiative is applying artificial intelligence…
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Discovery Vitality Results Show Surge In Global Profitability
Discovery has reported a significant boost in its latest financial period. The group’s strategy to unify its Vitality composite onto a single platform is yielding impressive returns. These Discovery Vitality results highlight a 41% increase in normalised profit for the composite. This figure reached R2.1 billion for the six months ending December. In a strategic move during 2024, the Discovery…
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Aspen Pharmacare Debt-Free: Strategic Shift To GLP-1 Injectables
Aspen Pharmacare has officially closed the chapter on its leveraged era. For the first time since the company was founded in 1997, CEO Stephen Saad has confirmed the group is debt-free. This significant milestone follows the massive sale of its Asia-Pacific operations (excluding China) to BGH Capital. The deal, concluded at the end of last year, was valued at A$2.37…
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Global Fund Fraud Case: Health Director-General Arrested
The National Department of Health (NDoH) has plunged into a fresh governance crisis. The Hawks arrested Director-General Sandile Buthelezi and two senior colleagues this week. They face serious fraud and theft charges linked to the Global Fund for HIV/AIDS, Malaria & TB. The Hawks arrested the suspects for allegedly misusing Global Fund resources. While the international fund supports critical health…
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Discovery’s Interim Results Highlight Strong Growth
Discovery has announced a significant surge in its financial performance for the first half of the year. The group expects headline earnings to rise by nearly a third. Discovery’s interim results follow a period of robust operational success across its various divisions. The South African-based financial services giant released a trading statement covering the six months ending 31 December. The…
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Local Pharmaceutical Manufacturing and Health Security
The Department of Health finds itself at the centre of a heated national debate. The controversy surrounds the recent R15.5bn AIDS drug tender. It has reignited a long-standing conflict between fiscal austerity and industrial growth. Should the state prioritise the lowest possible price, or should it pay a premium for local pharmaceutical manufacturing? The Tension Between Budget Cuts and Industrial…
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Medical Tax Credits Increased Amidst NHI Proposals
In a significant policy shift that has caught the attention of the healthcare sector, the National Treasury has officially resisted Department of Health efforts to scrap Medical Tax Credits. For the first time since 2023, these credits will increase in line with inflation. This move directly contradicts previous proposals to phase out the tax relief to fund the National Health…
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NHI Implementation Delay: Court Orders Legal Freeze
National Health Insurance implementation has hit a fresh legal speed bump. This happened after the Department of Health and multiple organisations challenging the NHI Act agreed to freeze court action while the Constitutional Court weighs in on how Parliament handled public participation. The pause was made an order of court in the Pretoria High Court on Tuesday, 24 February 2026,…
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Medical Tax Credits: Schemes Urge Godongwana for Budget Boost
South Africa’s two biggest industry bodies for medical schemes are urging Finance Minister Enoch Godongwana to keep medical tax credits in place and increase their value in the upcoming Budget. They argue the credits are critical to keep private cover affordable for working families, especially as costs rise. The call comes as the health department pushes to phase out medical…
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NHI Implementation on Hold After Presidential Undertaking
President Cyril Ramaphosa has formally undertaken not to bring any part of South Africa’s National Health Insurance (NHI) Act into operation until the Constitutional Court has ruled on two challenges focused on public participation. The undertaking was conveyed in a letter dated 20 February from the Office of the State Attorney. It states the president “undertakes not to promulgate any…