• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

Netcare pledges to do more on BEE

Mar 25 2011 12:25
I-Net Bridge

Company Data


Last traded 36
Change -1
% Change -4
Cumulative volume 4320448
Market cap 0

Last Updated: 27-11-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Union in dispute with Netcare

Netcare's fine the correct remedy

Doctors in court over transplants

Deadlock as Netcare nurses demand 13%

Johannesburg - Richard Friedland, CEO of Netcare [JSE:NTC], says he expects that the company will accelerate and drive transformation "very hard" over the next year.

He was speaking at the Metropolitan Oliver Empowerment Awards on Thursday evening.

Netcare was the biggest winner with three awards, taking the overall title as Top Empowerment Business of the Year, Top Empowered Big Business Award and category honours for businesses in the healthcare and pharmaceutical sector.

Friedland said the company's idea of transformation was not about ticking boxes and scorecards, but transforming hearts and restoring people's dignity.

Netcare has spent R114m on transformation programmes and trains more than 2 500 nurses a year.

The company also recently donated one million sanitary towels to the Free State government, to be given to schoolgirls in rural areas.

"I'm actually embarrassed that we won these awards, but I'm humbled," Friedland said.

Deputy Minister of Rural Development and Land Reform Thembelani Nxesi delivered the keynote address and criticised broad-based black economic empowerment (BBBEE) policies for having "an urban flavour".

Nxesi also urged business to support rural entrepreneurship and argued that rural development must be the key site for BBBEE.

"I want to emphasise that partnerships with the private sector are vital in creating vibrant and equitable rural communities. It is in your interest as the private sector to ensure that we graduate small farmers, who remain largely black, to commercial farmers. We need your help," Nxesi said.

He said that the department was working on a model of recapitalisation and development since the current model of land reform was setting people up for failure.

"We must debate the issues of land ownership and inequality in this country, painful as they are, because things cannot remain like this. They simply need to change," Nxesi said.
netcare  |  empowerment  |  bbbee



Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote