"It is important that we should inform the members that Sizwe has submitted to CMS Sizwe performance results for the prior year and the first quarter results. The scheme is in a strong and healthy financial position with reserves 36% against regulatory requirements of 25% and our credit rating is AA-. The scheme is well managed and will meet or even exceed its budget for the year 2020."
"In this case both schemes have high solvent and members would benefit from economies of scale. The registrar has approved mergers before that were highly unmatched than this one. CMS itself has defined the Sizwe and Hosmed merger as the best merger ever." "With Covid, it is inevitable that both Sizwe and Hosmed will lose members through retrenchment and the merger will protect remaining members of the merged scheme. Dr Kabane is acting against the interest of members. He is also acting against transformation, we seem to be pursuing too deep a transformation against his liking," he said.
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