Netcare Hospital Group’s multimillion-rand deal to build and manage Lesotho’s biggest hospital was supposed to be a model public-private partnership (PPP). The 18-year contract, which the Lesotho government is now cancelling due to allegations against Netcare, was once lauded as an example of financing health infrastructure on the continent.  

The cash-strapped government, which is desperate for a hospital, was working with the biggest health-care provider in SA, as well as the UK, to build its only national referral health centre. Netcare and its local partners Tsepong borrowed 800-million maloti  from the Development Bank of Southern Africa (DBSA) to build the R1.2bn  Queen Mamohato Memorial Hospital. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now