TRANSFORMATION INITIATIVES

Mediscor has undertaken the following transformation initiatives

B-BBEE (Ownership)

The Broad-Based Black Economic Empowerment (B-BBEE) Act requires that companies increase their levels of black shareholding, with a compliance target set at 25%. The Mediscor BEE shareholding exceeds this target, and is currently 32.7%.

Skills Development

Companies are required to take steps to improve and promote skills development of black people. Mediscor’ skills development plan is annually filed and accepted by the Department of Labour. This plan specifically allocates funds to enhance personnel skills, with the majority being spent on black personnel.

Enterprise Development

We are committed to financially supporting a community-based healthcare service, which includes mobile clinics, a retail pharmacy, school health screenings and home-based care.

We also support our medical scheme clients with majority black membership through the provision of fee discounts.

Management Control

Companies are required to increase the number of black people in management positions. In the past few years, Mediscor has appointed a number of senior and middle managers from previously disadvantaged backgrounds. At Board level, we have appointed a black female director with effect from 1 April 2016. In addition, an independent black non-executive director was appointed as the chairperson of the Board with effect from 1 June 2016.

Supplier Selection and Development

Companies are required to advance economic transformation through preferential procurement, supplier development and enterprise development. Significant expenditure is directed at qualifying suppliers resulting in Mediscor regularly scoring 20 out of 20 on our scorecard.

Community and Socio-economic Development

Companies are expected to initiate on programmes that, support access to the economy for black women, the youth, people with disabilities and rural communities.

We endeavor to find ways to make a difference in the community. Mediscor has contributed financially and was actively involved with the following projects:

  • N’wa Mhinga Primary School in Atteridgeville.
  • The Eersterust Association for Community Health.
  • TYB Schools Project.
  • Action for the Blind and Disabled Children; and
  • Diepsloot Preschools Project.

Mediscor is also a proud member of the Public Health Enhancement Fund (PHEF), a collaboration between the Minister of Health and 21 private healthcare organisations. The objective of the PHEF is to strengthen the health sector and build trust between the public and private sectors. The PHEF is funded by its members, who contribute 0.75% of local profit after tax. Funds raised by the PHEF are directed towards:

  • Sponsoring the tuition fees of 100 medical students per year, all from previously disadvantaged communities.
  • Sponsoring masters and doctoral research on tuberculosis and HIV.
  • Developing the skills of managers at public hospitals and clinics, by sponsoring their training at the Gordon Institute of Business Science.