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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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From The Glossary »

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Sharpe Ratio:

The ratio of annual return minus the risk free rate of return (e. g. long term government bond yield) and the annualized standard deviation. The Sharpe ratio is an example of a risk-adjusted return. This is a measure that describes the efficiency or value added by the manager for each unit of risk taken.
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