SAMWUMED Medical SchemeProvisional Curator
May. 2018 - Oct. 2018Cape Town, Western Cape, South AfricaThe High Court Order assigned me full powers over the management of the Scheme and the following responsibilities, subject to the control of the Council for Medical Schemes. I was directed to take immediate control of, and in the place of the board of trustees, manage the business and operations of the Medical Scheme, including all assets and interests relating to the business of the Scheme, in accordance with the provisions of the Medical Schemes Act and the Rules of the Scheme in consideration to the best interests of the members of the Scheme; incur such reasonable expenses and costs as may be necessary or expedient for the curatorship and control of the business and operations of the Scheme, and to pay same from the assets owned, administered or held by or on behalf of the Scheme; permitted to engage assistance of a legal, accounting, actuarial, administrative or other professional nature, as I may deem necessary for the performance of my duties , and to defray reasonable charges and expenses thus uncured from the assets owned, administered or held by or on behalf of the Scheme; authorised to institute or prosecute any legal proceedings on behalf of the Scheme and to defend any action against the Scheme; to invest such funds as are not required for the immediate purposes of the business, with an institution or financial instruments as I may regard financially sound and appropriate; to investigate allegations of financial and governance irregularities and to recommend the appropriate action to be taken to address same and where necessary, recommend action to be taken against any person who may be guilty of misconduct or a crime At the end of my Term, I presented a Report to the Regulators, with recommendations on the outcome of my investigation, for the High Court’s consideration.