Mid-fee healthcare

Mid-fee healthcare

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Mid-fee healthcare
Mid-fee healthcare
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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

Develop mid-fee healthcare clinics that serve middle and low income South African citizens who cannot afford private health insurance.

Expected Impact

Improve access to affordable healthcare for underserved communities.

How is this information gathered?
Updated: 15 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).
15% - 20% (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.
< 5% (CAGR)
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
< USD 500,000
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) Reduced Inequalities (SDG 10)

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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 Peter Benjamin, HealthEnabled, 21 July 2020. 8) National Planning Commission (2011). National Development Plan - Vision for 2030. https://www.gov.za/sites/default/files/gcis_document/201409/devplan2.pdf 9) Interview with Debbie Rogers and Chiara Kunnie, Praekelt, 24 July 2020. 10) Burger, R. and Christian, C. (2018). Access to Health Care in Post-Apartheid South Africa: Availability, Affordability, Acceptability. https://www.cambridge.org/core/journals/health-economics-policy-and-law/article/access-to-health-care-in-postapartheid-south-africa-availability-affordability-acceptability/559D7EAE9E98DCD5839AEF6CC85C5DAD 11) Health-E News (2015). White paper: National Health Insurance for South Africa. 2015. http://www.health-e.org.za/2015%EF%BF%BD/%EF%BF%BD12/14/white-paper-national-health-insurance-for-south-africa/ 12) RH Bophelo (2017). A glimpse into the South African healthcare industry. https://www.rhbophelo.co.za/understand-the-south-african-healthcare-industry/ 13) Africa Health (2021). 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 14) Hassam, A., Heywood, M. and Berger, J. (2007). 'Chapter 6: The private health care sector', Health and democracy. http://section27.org.za/wp-content/uploads/2010/04/Chapter6.pdf 15) Simpson, S. (2018). Quali Health: Changing the face of private healthcare in South Africa. https://medium.com/the-tempestuous-times/quali-health-changing-the-face-of-private-healthcare-in-south-africa-b39454cfc7b2 16) McIntyre, D. and Ataguba, J. (2017). Access to quality health care in South Africa: Is the health sector contributing to addressing the inequality challenge? Health Economics Unit, University of Cape Town. https://www.parliament.gov.za/storage/app/media/Pages/2017/october/High_Level_Panel/Commissioned_reports_for_triple_challenges_of_poverty_unemployment_and_inequality/Diagnostic_Report_on_Access_to_Quality_Healthcare.pdf 17) Businesstech (2016).The astonishing number of South Africans who do not have medical aid. https://businesstech.co.za/news/lifestyle/129166/the-shocking-number-of-south-africans-who-do-not-have-medical-aid/ 18) Allafrica (2020). South Africa: Pay Black Women Healthcare Workers, The Backbone of Our Health Sector. https://allafrica.com/stories/202007020672.html#:~:text=In%20South%20Africa%2C%20women%20make,by%2072%2C000%20community%20care%20workers. 19) International Federation of Gynaecology and Obstetrics (2019). Think Equal: women's health, South Africa. https://www.figo.org/news/think-equal-womens-health-south-africa 20) Development Bank of Southern Africa (2021). Health. https://www.dbsa.org/sectors/health 21) Kew, J. (2017). 37-yr-old doctor entrepreneur brings private care to townships. https://www.news24.com/fin24/entrepreneurs/news/37-yr-old-doctor-entrepreneur-brings-private-care-to-townships-20170316 22) Council for Medical Schemes (2020). Council for Medical Schemes. https://www.medicalschemes.com/ 23) Discovery Foundation (2020). Grants and Funding. https://www.discovery.co.za/marketing/discovery-foundation-site/grants.html 24) African Development Bank (2020). African Development Bank Group approves $10 million equity in Razorite Healthcare Fund for Africa. https://www.afdb.org/en/news-and-events/press-releases/african-development-bank-group-approves-10-million-equity-razorite-healthcare-fund-africa-35206 25) Bizcommunity (2019). The startups changing healthcare through innovation. https://www.bizcommunity.com/Article/196/836/195132.html 26) GreenCape (2020). GreenCape finance database. https://www.greencape.co.za/assets/Uploads/GreenCape-Finance-Database-v6.xlsx 27) GreenCape (2020). GreenCape green finance database. https://www.greencape.co.za/content/focusarea/green-finance-databases 28) GreenCape (2020). Government Funding and Incentive Booklet. https://www.greencape.co.za/assets/Uploads/Government-Funding-and-Incentive-Booklet.pdf 29) FinFind (2020). FinFind Easy. http://www.finfindeasy.co.za/ 30) AlliedCrowds (2020). AlliedCrowds. https://alliedcrowds.com/ 31) Interview with Lynda Toussaint, Unjani Clinics, 18 December 2020. 32) 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