Medical scheme tax credits are vital for sustaining South Africa’s dual healthcare system, providing essential financial relief to millions of working-class citizens. In his recent budget speech, Finance Minister Enoch Godongwana announced that these tax credits will remain in place – an important policy decision welcomed by healthcare experts and funders. Thoneshan Naidoo, CEO of the Health Funders Association (HFA),…
Tag: Healthcare Funding
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Healthcare funding to reach R329 billion by 2027/28
After two years of strict budget limits in healthcare, Finance Minister Enoch Godongwana’s 2025 budget speech aimed to fix funding shortages in the public health system. The health budget will rise from R277 billion in 2024/25 to R298.8 billion in 2025/26 and is expected to reach R329 billion by 2027/28, with an average annual growth of 5.6%. This is better…
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Experts warn against using PIC funds for NHI and hospitals
In a recent development, South African Health Minister Dr Aaron Motsoaledi suggested using PIC funds to finance the construction of public hospitals and support the NHI initiative. However, financial experts argue that the PIC, which manages over R2.7 trillion in assets for the Government Employees Pension Fund (GEPF), should only fund revenue-generating government health projects that align with its mandate.…