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Netcare "siphoned" M5 billion from Tšepong

Netcare "siphoned" M5 billion from Tšepong
lestimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lestimes.com Daily Mail and Mail on Sunday newspapers.

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Lesotho: Netcare 'Siphoned' M5 Billion From Tšepong

Lesotho: Netcare 'Siphoned' M5 Billion From Tšepong
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Netcare in limbo over the termination of its contentious Lesotho hospital partnership

Private hospital group Netcare says it is yet to receive an official notice from the Lesotho government regarding the termination of its public-private partnership at the Queen Mamohato Memorial Hospital. Netcare runs the hospital s operations, as well as those of three filter clinics in Maseru, as part of the Tšepong consortium, in which it holds a 40% interest. The rest of the stake is held by another South African company, Afrinnai Health, which has a 20% shareholding. Lesotho-based Excel health has 20%, while D10 Investments and Women Investment Company, also Lesotho-based, each has a 10% interest in the hospital. th year of an 18 year contract, has hit a snag, with the government saying it will be terminated. At the heart of the dispute is the kingdom s government accusing Tšepong of non-compliance, while the consortium has said the state had missed payments for service it was provided with. However, the catalyst that led to the government s decision to walk away from the c

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