BADGER
MICHAEL AVERY: Bonitas’ denial delays the inevitable reckoning
Medical scheme mum on why contract with ADS was terminated and handed to its former CEO
The response from Bonitas and the Council for Medical Schemes (CMS) to last week’s column has done little to dispel the growing sense of unease around governance at SA’s second-largest medical scheme (“Bonitas: the real anatomy of a scandal is lack of competition (https://www.businesslive.co.za/bd/opinion/2024-10-18-mfana-maswanganyi-and-michael-willie-bonitas-the-real-anatomy-of-a-scandal-is-lack-of-competition/)”, October 18). Methinks they doth protest too much.
Both Bonitas and the CMS have failed to address key allegations that go beyond routine procedural justifications and tick-box governance claims. What’s emerging is a picture of a system where back-room dealings, shadowy figures and dubious decisions appear to undermine the fiduciary duties trustees are supposed to uphold for their 400,000 principal members. ..
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