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South African Medical Association (SAMA)

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The South African Medical Association (SAMA) is a non-statutory, professional association for public and private sector medical practitioners. Registered as an independent, non-profit Section 21 company SAMA acts as a trade union for its public sector members and as a champion for doctors and patients. On behalf of its members, the Association strives for a health care dispensation that will best serve their needs.

SAMA membership is voluntary, with some 70% of public and private sector doctors in South Africa currently registered as members of SAMA.

The SAMA head office is situated in Pretoria, South Africa. It houses the Foundation for Professional Development, which provides continuing education programmes for medical professionals.

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Return on equity (ROE):

Indicator of profitability. Determined by dividing net income for the past 12 months by common stockholder equity (adjusted for stock splits). Result is shown as a percentage. Investors use ROE as a measure of how a company is using its money. ROE may be decomposed into return on assets (ROA) multiplied by financial leverage (total assets/total equity).
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