Finweek - English

HOW THE STATE SHOT ITSELF IN THE FOOT

south Africa is on course to launch its hotly debated National Health Insurance (NHI), an ambitious but controversial plan to bring free quality healthcare to all South Africans, by pooling the resources of the public and private sectors and establishing a single state entity to procure and pay for their services.

While there are no arguments against the ultimate goal of improving healthcare for the majority of South Africans in a deeply unequal society, there is widespread alarm at the sweeping reforms proposed in the NHI, which critics say could collapse the country’s entire health system.

An overriding concern is that there is huge scope for corruption in a monopolistic entity that will be run by political appointees, particularly as the existing public health sector has already become a hotbed of corruption, inefficiency and mismanagement.

The looting of money that was made available by government to purchase personal protective equipment (PPE) and other materials in response to Covid-19 has only reinforced those fears, and the government’s bid to identify and bring culprits to book have so far failed to restore public trust.

Many of the country’s top health professionals warn that

You’re reading a preview, subscribe to read more.

More from Finweek - English

Finweek - English5 min read
Simon’s Stock Tips
Purple Group* (owners of EasyEquities) released much better results than I had expected. The company posted its financial results for the year ended 31 August on 10 November. Headline earnings per share (HEPS) jumped 190% while funded accounts rose t
Finweek - English3 min read
Keep On Keeping It Simple
recently I had a Covid-19-compliant coffee with some investors who’d started investing around ten years ago. We were chatting about stocks, market crashes and the like but then the conversation took an interesting turn. I asked what they believed to
Finweek - English3 min readFinance & Money Management
Is It Worth Risking A Little More?
in fixed income, the potential for returns – in the form of coupon payments and capital gains – is captured by the bond yield (which is the coupon amount or price). A high yield signifies a high potential return. A high potential return generally com

Related Books & Audiobooks