ANNOUNCES RECORD FINANCIAL RESULTS AS MEMBERSHIP AND INVESTMENT GROWTH SURGE
Recently we announced our strongest financial results to date, reporting a solid increase in membership, exceptional investment returns and a further strengthening of our reserves.
For the year ended 31 December 2024, the Fund has grown its membership to 731 576 beneficiaries, securing our place as the second-largest open medical scheme in South Africa. We also delivered a 13.4 % return on investment of members’ contributions, which is nearly double the 7.7 % achieved the previous year.
And with reserves at R9 billion, hospital tariff savings of R532 million and managed care savings totalling R901.1 million, we continue to demonstrate financial strength and operational efficiency, even in an increasingly volatile healthcare environment.
Vurhonga Rikhotso, Chief Financial Officer, says these latest results serve to reaffirm Bonitas’ position as a leading player in South Africa’ s health care sector.
‘ This strong financial result for Bonitas allows us to continue to absorb healthcare cost pressures and keep contributions as affordable as possible, while ensuring that our members receive quality care, when they need it’, says Rikhotso.‘ It also gives the Scheme greater flexibility to be able to invest further in innovative healthcare solutions that work for all South Africans.’
The South African context
Amid rising healthcare inflation and ongoing uncertainty around the rollout of the National Health Insurance( NHI) Bill, Bonitas’ robust financial
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Bonitas Member Magazine Issue 3 / 2025