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Netcare kidney transplant fine shock

Nov 09 2010 13:50 Sapa

Company Data

NETCARE LIMITED [JSE:NTC]

Last traded 30.80
Change -0.1
% Change 0.00
Cumulative volume 1500579
Market cap 45.49bn

Last Updated: 01/08/2014 at 03:33. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Netcare [JSE:NTC] in KwaZulu-Natal was fined R4m by the Commercial Crimes Court after it pleaded guilty on charges of illegal kidney transplants at its St Augustine Hospital in Durban, the SABC reported on Tuesday.

The hospital faced 100 counts in three main charges including that the hospital's staff had illegally acquired kidneys between 2001 and November 2003.

It was also charged with performing transplants in which five of the suppliers were minors and also receiving payments for the operations.

The court also granted a R3.8m confiscation order against the company in light of the profit made from the transplants, the SABC reported.
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