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 exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now