Multinational catastrophic events invariably have the effect of bringing people together. They also have the habit of throwing light on real leadership while allowing unsteady orchestration to be flushed out and washed away. Covid-19 will prove to be no different.
KHUSA Consulting have a firm belief that the current reserves inside medical schemes, which exceed 60 billion rand, can go a long way in helping public and private healthcare infrastructure cope with the disease. These funds are desperately needed in order to flatten the curve and thereby assist in strengthening our economy. South Africa needs funding to fight this scourge, and the recent rating agency downgrades make it difficult for our government to raise these funds. These reserves represent a lifeline that will preserve the sanctity of life for many. It also provides revenues/funding without increasing South Africa’s debt burden.
We are convinced that togetherness and leadership must prevail. We need to find a way to transfer some of this this R60 billion to both our public and our private health facilities and we need to do it now. Together we can save South African lives.
Please see KHUSA Consulting’s media presence in fighting for this cause below:
Interview with Adrian Parsons
eNCA Interview with Adrian Parsons
Interview with Adrian Parsons
“Financial services expert, KHUSA Consulting, has called for the release of billions of rands from medical schemes’ emergency reserves to help treat COVID-19 patients in South Africa.”
“Adrian Parsons, Executive Director at KHUSA Consulting, says that by law, medical schemes have emergency fund reserves amounting to at least 25% of members’ contributions. Collectively, they now have over R60 billion in their reserve funds, which could be released for the treatment of all South African COVID-19 patients”
“There can be no doubt that the world economy must play second fiddle to the sanctity of life – and so it will be. Further to this, the economy must and will morph in the short-term. To the extent that Public Health requires support from the financial world, the economy must bend to meet those requirements. The sick, dying and dead are not yet a terrifying, tangible consideration for the average South African, but they will be very soon.”
“But we are convinced that togetherness and leadership must prevail now. We need to find a way to transfer this R60 billion to both our public and our private health facilities and we need to do it now. Together, we can save South African lives,”
For all official information and updates regarding Covid-19, visit the South African Department of Health’s website at www.sacoronavirus.co.za