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RH Bophelo lists on JSE, aims to increase access to healthcare

JSE CEO Nicky Newton-King, RH Bophelo CEO Quinton Zunga, RH Bophelo chairperson John Oliphant and Third Way Investment Partners CEO Fulu Makwetla.

JSE CEO Nicky Newton-King, RH Bophelo CEO Quinton Zunga, RH Bophelo chairperson John Oliphant and Third Way Investment Partners CEO Fulu Makwetla.

12th July 2017

By: Creamer Media Reporter

     

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Black-owned investment company RH Bophelo on Wednesday listed on the JSE as a special purpose acquisition company (SPAC).

The company aims to increase access to quality healthcare among people in the lower to middle income brackets who cannot afford private healthcare as it is currently structured in South Africa.

To achieve this, the company will invest in hospitals that are already in operation, brownfield projects where licences to operate are already in place and in other healthcare funds and related subsectors.

“All South Africans, regardless of their income status, have a right to quality healthcare services. We are proud that, as the JSE, we can play a part in ensuring this right through offering a well-regulated and liquid market where RH Bophelo can raise the necessary capital to realise its goals,” said JSE head of primary markets Prejelin Naggan.
 
“RH Bophelo will further provide investors with access to a highly sought after asset class associated with high growth, cash generative returns and direct real asset exposure to the defensive healthcare sector,” added RH Bophelo CEO Quinton Zunga.
                                                                                                                                                           
This is the ninth listing on the JSE this year and RH Bophelo is the eighth SPAC to list since introduction of SPACs in 2013.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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