Treasury may tap PIC for health funding

The health department and the National Treasury are discussing the possibility of tapping into SA’s R2.7-trillion savings pool to fund the upgrading of public health infrastructure.

This is as the health department prepares for the implementation of National Health Insurance (NHI), a sweeping overhaul of the country’s healthcare system that has polarised policymakers, economists and corporate executives. President Cyril Ramaphosa assented to the legislation on May 15, but the act has yet to be brought into effect as none of its sections have been promulgated...

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