09/09/2025
Not the first time!!! They keep on appointing incompetent curators. Should've closed many years ago:
Sizwe Hosmed placed in provisional curatorship, after solvency plunged.
The medical scheme’s provisional curator has assured members that their benefits continue and brokers to leave members be for now.
A South African high court has affirmed the Council for Medical Schemes (CMS’s) urgent application to place the embattled Sizwe Hosmed Medical Scheme under provisional curatorship, effective 4 September.
This came after the open scheme’s statutory manager found it faced ‘severe financial and operational distress’, with solvency having plunged to 5.6% in June 2025 and 6.62% in July – far below the 25% legally required.
Solvency is a key indicator of a scheme’s financial health, reflecting the strength of its reserves and ability to pay future claims, according to the CMS.
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