Healthcare professional training centres

Healthcare professional training centres

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Healthcare professional training centres
Healthcare professional training centres
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Health Care
Health Care Providers
Business Model Description

Deliver private health care training centres for mid-level health workers, such as radiographers, social workers, emergency service workers, community health workers and nurses.

Expected Impact

Help address the need for healthcare practitioners in the country, contributing to a better healthcare situation.

How is this information gathered?
Updated: 17 Jul, 2021 Date of Production: 1 Sep, 2020
South Africa
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
Shortage of 2,000 doctors and 11,000 nurses; additional 12,000 healthcare workers needed due to COVID-19.
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Good health and well-being (SDG 3)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Gender Equality (SDG 5) Decent Work and Economic Growth (SDG 8)

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Sector Sources
  • 1) Statistics South Africa (2019). Sustainable Development Goals: Country Report 2019 - South Africa. http://www.statssa.gov.za/MDG/SDGs_Country_Report_2019_South_Africa.pdf 2) Sachs, J., Schmidt-Traub, G., Kroll, C., Lafortune, G., Fuller, G. and Woelm, F. (2020). The Sustainable Development Goals and Covid-19. Sustainable Development Report. Cambridge University Press. https://dashboards.sdgindex.org/#/ZAF 3) South African Government (2019). South Africa Voluntary National Review: Empowering people and ensuring inclusiveness and equality. https://sustainabledevelopment.un.org/content/documents/23402RSA_Voluntary_National_Review_Report___The_Final_24_July_2019.pdf 4) National Planning Commission (2011). National Development Plan 2030; Our future - make it work. https://www.gov.za/sites/default/files/gcis_document/201409/ndp-2030-our-future-make-it-workr.pdf 5) Africa Health (2020). Industry Insights: South Africa Healthcare Market Overview. https://www.africahealthexhibition.com/content/dam/Informa/africahealthexhibition/en/2020/pdf/AFH19_Industry_Insights-SA_MARKET_REPORT.pdf 6) Mapham, W. (2020). Interview with UCT GSB Bertha Centre for Social Innovation and Entrepreneurship.
IOA Sources
  • 7) Interview with Lee Wallis, Western Cape Government, 28 July 2020. 8) Boitekanelo College (2020). Our history. http://www.boitekanelo.ac.bw/OurHistory.aspx 9) Democratic Alliance (2018). South Africa must prioritise medical skills development. https://www.da.org.za/2018/03/south-africa-must-prioritise-medical-skills-development/ 10) MacGregor, R.G., Zihindula, G., Chola, L. and Ross, A.J. (2020). 'The training of healthcare professionals: An expense or an investment?', South African Medical Journal, 110(5):369-373. http://www.samj.org.za/index.php/samj/article/view/12923 11) Business Day (2020). Private hospitals appeal to nursing council to let them train more nurses. https://www.businesslive.co.za/bd/national/health/2019-10-23-private-hospitals-appeal-to-nursing-council-to-let-them-train-more-nurses/ 12) Western Cape Department of Health (2014). Healthcare 2030 Strategic Plan. https://www.westerncape.gov.za/news/healthcare-2030-future-health-service-western-cape 13) Department of Health. Green Paper on the National Health Insurance (NHI). https://static.pmg.org.za/docs/110812nhi_0.pdf 14) Interview with Peter Benjamin, HealthEnabled 21 July 2020. 15) van Niekark, L. and Bonnici, F. (2014). Insights 2014: How healthcare in Africa can be re-imagined. https://www.gsb.uct.ac.za/Downloads/Bertha_IHI_Insights_Report.pdf 16) Africa Health (2020). Healthcare Market Insights for South Africa. https://www.africahealthexhibition.com/content/dam/Informa/africahealthexhibition/en/2020/pdf/AFH20_Industry_Insights_Healthcare_Market_South-Africa.pdf 17) RH Bophelo (2017). A glimpse into the South African healthcare industry. https://www.rhbophelo.co.za/understand-the-south-african-healthcare-industry/ 18) Department of Health. National Digital Health Strategy for South Africa 2019 - 2024. https://www.bhfglobal.com/wp-content/uploads/downloads/news/national%20digital%20health%20strategy%20for%20south%20africa%202019-2024a.pdf 19) Health Professions Council of South Africa (2020). Health Professions Council of South Africa. https://www.hpcsa.co.za/ 20) Mahlati, Z. (2020). An additional 12 000 healthcare workers needed to fight coronavirus - Ramaphosa. https://www.iol.co.za/news/politics/an-additional-12-000-healthcare-workers-needed-to-fight-coronavirus-ramaphosa-50892758 21) Couper, I., Sunanda, R., Blaauw, D. et al (2018). 'Curriculum and training needs of mid-level health workers in Africa: a situational review from Kenya, Nigeria, South Africa and Uganda', BMC Health Services Research, 18. https://bmchealthservres.biomedcentral.com/articles/10.1186/s12913-018-3362-9 22) South African Nursing Council (2020). South African Nursing Council. https://www.sanc.co.za/ 23) Department of Health (2020). Department of Health. Government of South Africa. https://www.gov.za/about-sa/health 24) Dovlo D. (2004). 'Using mid-level cadres as substitutes for internationally mobile health professionals in Africa', Human Resources for Health, 2(1):7. https://pubmed.ncbi.nlm.nih.gov/15207010/ 25) Essack, S.Y. (2012). 'Models for increasing the health workforce', South African Medical Journal, 102(11). http://www.samj.org.za/index.php/samj/article/view/5779/4757 26) South African Medical Research Council (2018). Investment case for community health workers in South Africa. https://www.samrc.ac.za/sites/default/files/files/2017-10-30/SavingLivesSavingCosts.pdf 27) Council on Higher Education and South African Nursing Council (2019). Notice to all nursing education institutions on collaboration between the CHE and SANC. https://www.sanc.co.za/wp-content/uploads/2020/08/Collaboration-between-the-Council-on-Higher-Education-and-the-South-African-Nursing-Council.pdf 28) Kgosana, R. (2019). South African Nursing Council, health department need to align to resolve training crisis. https://citizen.co.za/news/south-africa/health/2125633/south-african-nursing-council-health-department-need-to-align-to-resolve-training-crisis-solidarity/ 29) Business Day (2019). Private hospitals appeal to nursing council to let them train more nurses. https://www.businesslive.co.za/bd/national/health/2019-10-23-private-hospitals-appeal-to-nursing-council-to-let-them-train-more-nurses/ 30) Educonnect (2018). Nursing in South Africa. https://educonnect.co.za/nursing-in-south-africa/ 31) United Nations Development Programme (2020). South Africa Report 2020: Covid-19 Rapid Emergency Needs Assessment for the Most Vulnerable Groups. https://www.za.undp.org/content/south_africa/en/home/library/rapid-emergency-needs-assessment.html