FOCUS: PUBLIC HEALTH
Health Department eyes PIC trillions for hospital infrastructure
The Health Department and national Treasury are in talks to dig into South Africa’s R2.7trn savings pool held by the Public Investment Corporation for the upgrading of public health infrastructure.
This follows Finance Minister Enoch Godongwana’s recent Medium Term Budget Policy Statement in which no adjustments had been made for the health sector, despite the country preparing for the implementation of the National Health Insurance (NHI).
Cautioning that tax collection for the 2024/25 financial year was expected to be lower than estimated...