Black-owned healthcare company to challenge major players

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Pharmaceutical research, conceptual image.

JOHANNESBURG - RH Bophelo, a black-owned healthcare company, listed on the Johannesburg stock exchange on Wednesday.

The firm plans to challenge the country’s top 3 players in the sector, after raising R500-million for the listing.

RH Bophelo is targeting South Africans who can't afford exorbitant private healthcare costs but are willing to pay for affordable, quality care.

WATCH: Transformation now a requirement for JSE listing

At the opening, a share was trading at R10, with more than R7-thousand changing hands.

CEO Quinton Zunga says the company will provide investors with access to a highly sought-after asset class associated with high growth and cash generative returns.

The company has a total market capitalisation of R2.1 billion and is pegged to compete with the likes of Mediclinic, Netcare and Life Healthcare.

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