Statement of assets and liabilities
Statement of assets and liabilities
After the Community Medical Aid Scheme (Commed) was placed under provisional curatorship by order of court in June, it has now been decided that all Commed members will be transferred to Bonitas Medical Fund.
It became apparent to the provisional curator that Commed was experiencing financial difficulties and he reported this to the Registrar and the Council for Medical Schemes (CMS). Acting pursuant to section 7(a) of the Medical Schemes Act, which requires the regulator to protect the interests of members of medical schemes, the Registrar instructed the provisional curator to try to ensure that members were not prejudiced by the state of affairs in which Commed finds itself. A statement in this regard from the regulator can be found at: www.medicalschemes.com
Acting on instruction from the Registrar, Van Wyk has negotiated with Bonitas Medical Fund that all Commed members be moved to Bonitas. The parties have entered into an agreement to give effect to this and Commed members will be moved to Bonitas with effect from 7 August 2017.
In terms of the agreement reached between Commed and Bonitas, all members will be moved without underwriting and without waiting periods being applied. This means that members will transfer to Bonitas without break in cover. All claims payable in terms of services obtained by members until 6 August 2017 will be paid by Commed, and all claims incurred from 7 August 2017 will be covered by Bonitas.
Members who do not wish to remain with Bonitas or who wish to change their allocated Bonitas benefit option will be free to do so by informing Bonitas accordingly.
The schemes are confident that the move of the Commed members to Bonitas is in the interests of the members to ensure that members do not find themselves without medical cover going forward.
This notice provides detail of the US dollar equivalent of the level of the South African Reserve Bank’s official gold and foreign exchange reserves, Special Drawing Rights (SDRs) and foreign currency deposits received from customers published today in the SARB’s Statement of Assets and Liabilities as at 31 July 2017.
Pretoria, 4 August 2017 – SARS has noted the media coverage which purports that Commissioner Tom Moyane met members of the Gupta family.
SARS can confirm that Commissioner Moyane was in Dubai on 23 December 2015, in transit to spend Christmas in Portugal. SARS can further confirm that he returned to Dubai on 29 December 2015 and returned to South Africa on the 8th of January 2016.
Commissioner Moyane categorically states that he has never met any member of the Gupta family in either his private or professional capacity.
SARS views the attempts to link the Commissioner and/or SARS as an institution with the Gupta family or their associates, as malicious and reckless in the extreme.
We call on anyone with information to the contrary to provide such to SARS or any organ of state.
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