South Africa’s foremost black-owned and managed healthcare administrator, Thebemed Medical Scheme, has been placed under provisional curatorship by the Council for Medical Schemes (CMS) after the company ran into financial hardships, reports Business Report. Sipho Kabane, CEO and registrar of CMS, said the decision followed "persistent" financial difficulties by the company.
“Because of the scheme’s financial difficulties and its failure to maintain the minimum statutory solvency ratio of 25%, as set out in regulation 29(2) of Medical Schemes Act, Ian Fleming has been appointed as the provisional curator of Thebe Medical scheme until such time that it can maintain the minimum statutory solvency ratio,” Kabane said.
[link url="https://www.iol.co.za/business-report/companies/thebemed-placed-under-provisional-curatorship-31371744"]Business Report report[/link]