The medical schemes regulator has won its bid to replace Sizwe Hosmed’s curator. This successful Sizwe Hosmed curator replacement, according to the Council for Medical Schemes (CMS), will not disrupt the scheme. It also stressed that Sizwe Hosmed remains fully operational. A High Court order handed down on Wednesday in Pretoria confirmed Ian Fleming as curator with immediate effect. He…
Tag: Sizwe Hosmed
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Sizwe Hosmed Curatorship Exposes R522m in Duplicate Claims
South Africa’s medical scheme regulator has escalated its fight to keep Sizwe Hosmed under curatorship. An affidavit filed in the High Court in Pretoria alleges serious governance and payment failures at the troubled scheme. The allegations include potential duplicate claims exceeding R522m, stale claims worth R81m, procurement concerns, and alleged misuse of a corporate credit card. The affidavit was filed…
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Sizwe Hosmed Curatorship Under Fresh Scrutiny
The curator of Sizwe Hosmed responded to critics after they launched legal efforts to liquidate her business and sequester her estate. Lebogang Mpakati, a registered business rescue practitioner, said the proceedings are private matters. She said they have no bearing on her ability to stabilise the troubled medical scheme. Mpakati is facing pressure from the scheme’s suspended board of trustees. The…
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Sizwe Hosmed Regulatory Allegations: Claims of Sabotage
In a highly charged submission to the Council of Medical Schemes (CMS) dated 2 January, Khandani Msibi, executive chairperson of 3Sixty Global Solutions Group, has levelled explosive allegations against medical scheme regulators and industry players. Msibi claims a deliberate campaign targeted one of the last remaining black-owned administrators in South Africa’s multibillion-rand medical aid industry for dismantlement. The 14‑page letter…
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Medical Scheme Solvency Issues Impacting Members
Three medical aid schemes – Medihelp, Sizwe Hosmed Medical Scheme, and Transmed Medical Fund – did not maintain their medical scheme solvency ratios at or above the statutory minimum of 25% in 2023. This was a key finding in the Council for Medical Schemes (CMS) Financial Performance Industry Report 2023, released last week. While the total number of medical aid…