Life Healthcare Group
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LIFE Healthcare Group
Life Healthcare Group, formerly Afrox Healthcare, is the second largest private hospital operator in South Africa, with 6,500 beds. It is also the largest black-owned hospital operator in South Africa. Afrox was traded on the JSE Securities Exchange until it was sold to Business Venture Investments Limited (Bidco), a black empowerment group, in 2005. It bought Alliance Medical Alliance Medical is a radiology services company founded in 1989 by Robert Waley-Cohen operating across Europe. In 2010 Lloyds Bank, Commerzbank and M&G Investments acquired 85% of the company in a debt-for-equity swap. A consortium, called t ... for about 10.4 billion rand in November 2016. References Health care companies of South Africa Hospital networks {{SouthAfrica-company-stub ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Chief Executive Officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offic ...
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South African Rand
The South African rand, or simply the rand, ( sign: R; code: ZAR) is the official currency of the Southern African Common Monetary Area: South Africa, Namibia (alongside the Namibian dollar), Lesotho (alongside the Lesotho loti) and Eswatini (alongside the Swazi lilangeni). It is subdivided into 100 cents (sign: "c"). The South African rand is legal tender in the Common Monetary Area member states of Namibia, Lesotho and Eswatini, with these three countries also having their own national currency (the dollar, the loti and the lilangeni respectively) pegged with the rand at parity and still widely accepted as substitutes. The rand was also legal tender in Botswana until 1976, when the pula replaced the rand at par. Etymology The rand takes its name from the Witwatersrand ("white waters' ridge" in English, ''rand'' being the Dutch and Afrikaans word for 'ridge'), the ridge upon which Johannesburg is built and where most of South Africa's gold deposits were found. In Eng ...
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South Africa
South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countries of Namibia, Botswana, and Zimbabwe; and to the east and northeast by Mozambique and Eswatini. It also completely enclaves the country Lesotho. It is the southernmost country on the mainland of the Old World, and the second-most populous country located entirely south of the equator, after Tanzania. South Africa is a biodiversity hotspot, with unique biomes, plant and animal life. With over 60 million people, the country is the world's 24th-most populous nation and covers an area of . South Africa has three capital cities, with the executive, judicial and legislative branches of government based in Pretoria, Bloemfontein, and Cape Town respectively. The largest city is Johannesburg. About 80% of the population are Black South Afri ...
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Black People
Black is a racialized classification of people, usually a political and skin color-based category for specific populations with a mid to dark brown complexion. Not all people considered "black" have dark skin; in certain countries, often in socially based systems of racial classification in the Western world, the term "black" is used to describe persons who are perceived as dark-skinned compared to other populations. It is most commonly used for people of sub-Saharan African ancestry and the indigenous peoples of Oceania, though it has been applied in many contexts to other groups, and is no indicator of any close ancestral relationship whatsoever. Indigenous African societies do not use the term ''black'' as a racial identity outside of influences brought by Western cultures. The term "black" may or may not be capitalized. The '' AP Stylebook'' changed its guide to capitalize the "b" in ''black'' in 2020. The '' ASA Style Guide'' says that the "b" should not be capitalized. S ...
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The Sunday Times (South Africa)
The'' Sunday Times'' is South Africa's biggest Sunday newspaper. Established in 1906, the ''Sunday Times'' is distributed all over South Africa and in neighbouring countries such as Lesotho, Botswana, and Eswatini. History The ''Sunday Times'' was first published on 4 February 1906 as a weekly, sister publication of the ''Rand Daily Mail'' which at the time was "standing alone" against its rival ''Transvaal Leader''. Founding editor George Herbert Kingswell introduced the slogan "A Paper for the People". It was later changed to "The Paper for the People", a slogan that is still in use today. For the first edition of the paper, published on 4 February 1906, 11,600 copies were printed and soon sold out, forcing the paper to print an additional 5000 copies. By November 1909 the paper sales had risen to 35,000. In 1992, the former columnist Jani Allan sued the British broadcaster Channel 4 for libel over affair allegations involving her and Eugene Terre'Blanche. Allan had intervi ...
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JSE Securities Exchange
JSE Limited (previously the JSE Securities Exchange and the Johannesburg Stock Exchange) is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 2003 the JSE had an estimated 473 listed companies and a market capitalisation of US$182.6 billion (€158 billion), as well as an average monthly traded value of US$6.399 billion (€5.5 billion). As of March 2022, the market capitalisation of the JSE was at US$1.36 trillion. History The discovery of gold on the Witwatersrand in 1886 led to many mining and financial companies opening and a need soon arose for a stock exchange. The first share transactions on the Rand took place in a rustic canvas tent, with trade taking place on Sundays, as this was the only day when mining was not allowed, owing to a strictly enforced regulation prohibiting the entry of African workers to the gold reefs. The ''Johannesburg Exchange & Chambers Company'' was ...
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Black Economic Empowerment
Black Economic Empowerment (BEE) is a policy of the South African government which aims to facilitate broader participation in the economy by black people. A form of affirmative action, it is intended especially to redress the inequalities created by apartheid. The policy provides incentives – especially preferential treatment in government procurement processes – to businesses which contribute to black economic empowerment according to several measurable criteria, including through partial or majority black ownership, hiring black employees, and contracting with black-owned suppliers. The preferential procurement aspect of BEE has been viewed as paradigmatic of a sustainable procurement approach, whereby government procurement is used to advance social policy objectives. So-called "BEE deals" – transactions aiming to increase black ownership of large businesses – have been conducted on a large scale, with BEE transactions concluded between 1994 and 2005 valued at between ...
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Business Day (South Africa)
''Business Day'' is a national daily newspaper in South Africa, published weekdays (Monday to Friday) and also available as an e-paper. Based in Parktown, Johannesburg, it is edited by Alexander Parker and published by Arena Holdings, which is also the parent company of the ''Financial Mail'' magazine and Business Day TV (formerly known as Summit TV). The newspaper, launched on 1 May 1985, covers all major national and international news, with a specific focus on the South African economy and business sector, companies and financial markets. It also contains an influential opinion section with several popular columnists, along with coverage of sport, travel, books, arts and entertainment. ''Business Day'' has its digital identity on BusinessLIVE. It also has apps for the iPhone and iPad, Android devices and Huawei devices. Supplements *Motor News (Thursdays) *Home Front (Once a month) * Investors Monthly (Once a month) *Sport (Once a month) *Wanted (Once a month) Distributi ...
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Alliance Medical
Alliance Medical is a radiology services company founded in 1989 by Robert Waley-Cohen operating across Europe. In 2010 Lloyds Bank, Commerzbank and M&G Investments acquired 85% of the company in a debt-for-equity swap. A consortium, called the Collaborative Network, between the company and Christie Hospital NHS Foundation Trust won a ten-year NHS contract to provide PET-CT scanning services across 30 locations in England in January 2015. The contract provides for investment of £87 million over 10 years to install new scanners and improve the current infrastructure. Twenty-four existing sites will remain where they are, and six new sites will be added at Maidstone Hospital; William Harvey Hospital; Cumberland Infirmary; Lincoln County Hospital; Southmead Hospital; Royal United Hospital; and Royal Cornwall Hospital. The contract was awarded despite an NHS consortium bid being £7m cheaper. In 2013 the company acquired IBA Molecular UK and Erigal, two of the three companies in Eng ...
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Health Care Companies Of South Africa
Health, according to the World Health Organization, is "a state of complete physical, mental and social well-being and not merely the absence of disease and infirmity".World Health Organization. (2006)''Constitution of the World Health Organization''– ''Basic Documents'', Forty-fifth edition, Supplement, October 2006. A variety of definitions have been used for different purposes over time. Health can be promoted by encouraging healthful activities, such as regular physical exercise and adequate sleep, and by reducing or avoiding unhealthful activities or situations, such as smoking or excessive stress. Some factors affecting health are due to individual choices, such as whether to engage in a high-risk behavior, while others are due to structural causes, such as whether the society is arranged in a way that makes it easier or harder for people to get necessary healthcare services. Still, other factors are beyond both individual and group choices, such as genetic disorders. ...
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