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Image of Cyril Ramaphosa Concerns heighten as Ramaphosa readies to sign NHI Bill into law
Published: 14 May 24
Business and political parties have expressed disappointment with President Cyril Ramphosa’s announcement that he will, on Wednesday, sign into law the controversial National Health Insurance Bill. On Monday, Ramaphosa announced that he would publicly sign the Bill, which government hoped to use to achieve universal coverage for health services and, through this, overcome socioeconomic imbalances and past inequities. Business Unity South Africa said it was deeply concerned by the announcement, given the Bill’s many “substantive and procedural constitutional flaws”. “We fully support the objective of universal health coverage, however, the NHI Bill in its current form is unworkable, unaffordable, and not in line with the Constitution,” said Busa CEO Cas Coovadia. The South African Health Professionals Collaboration, also expressed its disappointment and concern following the announcement. The SAHPC has made many submissions and had engagement in the NHI parliamentary process, in December, and has urged the President to refer the Bill back to Parliament on the grounds that it is unconstitutional and not in the best interest of patients and citizens. SAHPC said its input and insights were ignored. Meanwhile, ActionSA said it was disappointed that Ramaphosa had ignored the plea to avoid signing the Bill into law, in order to “avoid State capture 2.0”. Democratic Alliance leader John Steenhuisen said the Bill presented an “existential risk” to South Africa’s public and private healthcare systems and that it would impose an “unbearable” new tax burden on citizens.
Rubble being removed at the site of a building collapse in George Pathology services seek to expedite identification as George building collapse death toll reaches 32
Published: 14 May 24
Forensic Pathology Services (FPS) and the South African Police Service are planning to expedite the identification of persons killed in a building collapse in George, in the Western Cape, with only six of the 32 deceased persons identified thus far. Eighty-one people were working on site on the partially built building when it collapsed on May 6.
MTN Q1 performance muted on ongoing macroenvironment challenges
Published: 14 May 24
JSE-listed MTN on Tuesday posted a dip in service revenue and earnings during the first quarter of the year, amid ongoing high inflation and local currency devaluations in some of its key markets. The group reported a 28.7% contraction in earnings before interest, taxes, depreciation and amortisation (Ebitda) from R24.27-billion in the first quarter of 2023 to R17.3-billion in the first quarter of 2024.
Copper climbs to highest in two years as bulls see deficit Copper climbs to highest in two years as bulls see deficit
Published: 14 May 24
Copper touched its highest level since 2022 after a powerful rally fueled by forecasts of a growing global supply deficit. The commodity’s gain since the start of January is approaching 20% with prices defying typical indicators of soft demand, especially in China. That’s partly because investors see tight mine supply creating a shortfall of the metal as soon as this year.
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