Netcare flags second-wave hit as costs of Covid-19 persist

Netcare flags second-wave hit as costs of Covid-19 persist

2021-04-22 10:31:00 AM

Netcare flags second-wave hit as costs of Covid-19 persist

Operating profit fell more than a third in the group’s first half ending March

22 April 2021 - 09:11Karl GernetzkyNetcare, SA’s third-largest private hospital operator by market value, says a more severe second wave of Covid-19 has weighed on its first-half performance, though it is encouraged by a pickup in patient activity and is better adapted to handling the pandemic.

Eskom: Load-shedding likely to continue through winter Israeli airstrikes wrecked the only coronavirus testing lab in Gaza Eskom suspends load-shedding until the evening

Revenue is expected to fall by at least 5.5% in the six months to end-March from the prior year, Netcare said in a trading update on Thursday, as SA grappled with a spike in infections that prompted more hospital admissions than during the first wave...

BPremiumThis article is reserved for our subscribers.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily. headtopics.com

Read more: Business Day »

IOL Sports Show: Temba Bavuma ready to build bridges as Proteas captain

Speaking candidly on The IOL Sport Show, Temba Bavuma tackles the hard issues that the Proteas face in trying to be a high-performing international sports team on the global stage.

COVID-19 LIVE UPDATES | SA has recorded 10,545,817 Covid-19 tests so farCOvid-19 live updates R10 billion wasted on a fraudulent activity. 𝗜'𝗺 𝗽𝗿𝗼𝘂𝗱 𝘁𝗼 𝘀𝗮𝘆 𝗮𝗺 𝗮𝗺𝗼𝗻𝗴 𝘁𝗵𝗲 𝗽𝗲𝗼𝗽𝗹𝗲 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝗶𝗻𝗴 𝗳𝗿𝗼𝗺 𝘁𝗿𝗮𝗱𝗶𝗻𝗴,𝗜 𝗷𝘂𝘀𝘁 𝗴𝗼𝘁 𝗮𝗻𝗼𝘁𝗵𝗲𝗿 70,500 ZAR 𝗳𝗿𝗼𝗺 𝗮𝗻 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗼𝗳 7000 ZAR 𝗮𝗹𝗹 𝘁𝗵𝗮𝗻𝗸𝘀 𝘁𝗼 𝘁𝗵𝗲 𝘁𝗿𝗮𝗱𝗶𝗻𝗴 𝗴𝗲𝗻𝗶𝘂𝘀 earn_with_bryan

R500 million Covid-19 hospital can't be used to treat Covid-19 | The CitizenThe DA said R500 million hospital built to treat Covid-19 patients will no longer serve its initial purpose, but used as quarantine facility. This is disheartening, waste of scarce resources. The challenge could have been avoided ., Classic Anc VoetsekANC

COVID-19 LIVE UPDATES | Senses dulled by Covid-19, French wine tasters fear for livelihoodCoronavirus updates. No such thing as coronavirus

COVID-19 LIVE UPDATES | Researchers track changes over time in responses to Covid-19The latest Covid-19 updates Message me on how to start earning up to $10k💰 passive income from the comfort of your home through binary options trade📈. FOR SERIOUS MINDED PEOPLE ONLY

COVID-19 LIVE UPDATES | Pfizer Covid-19 vaccine for SA has '95% success rate'Coronavirus Updates.

COVID-19 LIVE UPDATES | SA has recorded 10,545,817 Covid-19 tests so farCOvid-19 live updates Today’s sad reality is that leaders of the Muslim world do not avoid Shirk nor raise awareness about this. Muhammad Qasim has seen that avoiding shirk is the only way to success and Allah’s help. Learn more at or search ‘Muhammad Qasim Dreams’ FAKE