Netcare sees a dramatic decline in hospital admissions for elective surgery

Coronavirus lockdown restrictions have caused a dramatic decline in hospital admissions for elective surgery, trauma and other medical cases.

JSE-listed healthcare giant Netcare has seen its revenue significantly impacted in April, to the tune of around 800-million-rand.

Speaking to Moneyweb, Netcare CEO, Richard Friedland, says as part of the group’s increased Covid-19 risk mitigation efforts, it is investing a further 500-million-rand in acquiring additional personal protective equipment.

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Meanwhile the second phase of the Covid-19 emergency relief funding for all community and small commercial media projects is now open for applications.

The first phase of the fund resulted in 10 million-rand being disbursed to 116 community broadcasters and 115 community and small commercial media publications in R45 000 relief packages.

Media Development and Diversity Agency says the sector is facing severe pressures as a result of the economic impact of the national lockdown and subsequent loss of advertising.

By: Gagasi FM News