Sizwe Hosmed making substantial progress, says curator
An accelerated 19% contribution increase is designed to correct historic under-pricing and shore up reserves.
Curatorship
High Court confirms curatorship of medical scheme
The Court ordered Sizwe Hosmed’s principal officer to personally pay legal costs after dismissing the scheme’s attempt to overturn the provisional curatorship.
Provisional curator to advise on future of medical scheme
The curator will assess Sizwe Hosmed’s finances and recommend whether it should merge, be liquidated, or continue.
Medical scheme placed under statutory management as reserves plummet
The deterioration in Sizwe Hosmed’s reserves is attributed to ‘benefit under-pricing and historically unreliable budgetary and forecasting processes’.
CMS invites BHF to collaborate, criticises ‘forum-shopping’ tactics
The BHF’s canvassing of key policy issues in the public domain via a ‘deliberately leaked’ lawyer’s letter indicates the organisation ‘has run out of creative ideas’.
CMS denies it is sabotaging medical schemes to boost NHI
The regulator comes out swinging in its response to the Board of Healthcare Funders’ claims of bullying and curatorship abuse.
PA and Sarb apply for the final liquidation of Habib Overseas Bank
The curator finds there are no reasonable prospects that the bank can be rehabilitated as a going concern.
Habib curatorship unrelated to overseas banking crisis, says Sarb
Habib Overseas Bank has failed to comply with financial sector regulations, including strict exchange control rules, it says.
Prudential Authority, 3Sixty Life reach an agreement over curatorship
High Court appoints Fagmeedah Petersen-Cook as the life insurer’s final curator.
3Sixty Life petitions Supreme Court of Appeal over final curatorship order
This follows the High Court’s decision confirming its earlier judgment.
Supreme Court of Appeal rejects bid to overturn insurers’ liquidation
Did section 54(5) of the Insurance Act and the provisional curatorship orders preclude the final liquidation orders?
High Court judgment is not the end of the dispute over 3Sixty Life’s curatorship
3Sixty Life has registered its intention to appeal against the High Court’s decision to place the underwriter under final curatorship. The High Court also cancelled the appointment of Yashoda Ram as 3Sixty Life’s […]
Health Squared placed under provisional curatorship
The High Court in Johannesburg has placed Health Squared under provisional curatorship following an application brought by the Council for Medical Schemes (CMS). The provisional curatorship is effective from 8 September. The court-appointed […]
Health Squared’s liquidation application to be heard later this month
The High Court in Johannesburg has granted Health Squared leave to apply for voluntary liquidation on September 27. Read: CMS’s bid to strike a deal for Health Squared members fails In an order […]
CMS’s bid to strike a deal for Health Squared members fails
The bid by the Council for Medical Schemes (CMS) to strike a deal with seven open medical schemes, plus the Government Employees Medical Scheme, to on-board members of Health Squared without underwriting and […]
CMS says Health Squared didn’t stick to business plans designed to address problem areas
The Council for Medical Schemes (CMS) has published its version of the sequence of events that resulted in Health Squared’s finances deteriorating to the extent that it will apply for voluntary liquidation this […]
High Court lifts Thebemed curatorship
The Pretoria High Court lifted the curatorship on Thebemed Medical Aid Scheme on 27 May, the Council for Medical Schemes (CMS) has announced. The regulator said it brought the application to lift the […]
