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02 August 2011

Bonitas scores A+

Bonitas Medical Fund, South Africa’s second-largest medical scheme, maintained its A+ credit rating for the second year in a row in the financial period to June 2011.

Bonitas Medical Fund, South Africa’s second-largest medical scheme, maintained its A+ credit rating for the second year in a row in the financial period to June 2011, confirming the healthy financial position of the scheme.

GCR says in its report that the placing of Bonitas under curatorship in May 2011 also contributed to the high rating, as this is a positive move towards strengthening the governance of the scheme going forward. The responsibility for the governance of Bonitas vests in the curator, Joseph Maluleke, who was appointed in May by the High Court to take over control of the scheme for a 90-day period.

 
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