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War of words over declined medical aid merger

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The CMS’s decision to halt the proposed merger of black-owned Sizwe and Hosmed Medical Scheme has dealt a blow to the transformation of the medical schemes sector, which is urgently needed.

“It is the duty of the internal auditor to flag internal control problems on a continuous basis and the internal and external auditors must do so with independence and without fear or favour,” said Mangcwatywa, who has challenged Kabane and the CMS to a public hearing.

He added that Thebemed would “die in the hands of the curator and possibly be merged into one of the big schemes. We think this is what CMS wants to achieve, to strengthen the power of the dominant players in the industry.

 

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