Key trends affecting medical schemes
Medshield announced an affordable 5.9% weighted contribution increase across all benefit options
As a country, we started the year under huge financial pressure, facing a national deficit of R300bn. The global Covid-19 pandemic further affected our economy, bringing about forecasts that the economy would shrink by as much as 15%, Moody’s downgrading SA to junk status, and National Treasury estimating as many as two-million job losses.
On the flip side of the coin, the rand made a speedy recovery from R19 to the dollar to R16 to the dollar, and helped entities such as Sasol dramatically recover their share prices. Akin to the aftermath of a forest fire, green shoots abound in SA. We need to change our mindsets to be optimistic and look for those green shoots in our lives and our economy...
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