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MMI acquisition of CareCross finalised

The MMI Holdings Limited’s (MMI) acquisition of CareCross Health Group, including a majority share in Occupational Care South Africa (OCSA) (first announced in June 2014) has been finalised with regulatory approval including the Competition Commission having been received. Since its inception ...
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Directors and Reckless Conduct: Disregarding Standards of Care

Article by Terrance M. Booysen, CEO, CGF Research Institute (Pty) Ltd Johannesburg: There has hardly been a day that goes by where the media headlines grip the attention of citizens, announcing yet another case of poor governance practices, or a director engaging in reckless business conduct. ...
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The Retail Distribution Review and Healthcare Advisers

Under the heading “Scope Limitations”, the discussion document on the retail distribution review states: Where distribution of medical schemes is concerned, certain aspects of the distribution model are regulated by FAIS, while the Medical Schemes Act 131 of 1998 also imposes supplementary ...
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The Retail Distribution Review - Considering the Bigger Picture

After attending the FSB’s seminar on Monday, I was actually at a loss as to where to start with conveying the contents of the Retail Distribution Review proposals. We will cover the proposals in a series of articles over the next few weeks. It is very important to bear in mind that this is a discussion ...
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School learners taken to optometrists, academic performance enhanced

Heeding government’s call for corporate participation in assisting learners with eye care, Thebemed Medical Scheme has moved to the second phase of its eye care drive in disadvantaged communities, where school learners were taken to optometrists within their regions following their initial eye ...
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Loss Reserve:

A provision set aside for payment of losses intimated but not yet paid. This is sometimes referred to as loss reserve Intimated not finalised (INF). 41.
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