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.…
Tag: Public Investment Corporation
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PIC’s possible role in public financing health Infrastructure
The Department of Health and National Treasury are discussing potentially leveraging South Africa’s R2.3-trillion savings pool to upgrade public health infrastructure. This is part of the department’s preparation for implementing National Health Insurance (NHI). The Department of Health is working to address infrastructure challenges that could impact its rollout. The focus is on finding sustainable funding sources, with the Public…