Bonitas announces record financial results as membership and investment growth surge.
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GUEST – Vurhonga Rikhotso, Chief Financial Officer of Bonitas Medical Fund
Bonitas Medical Fund has announced its strongest financial results to date, reporting a solid increase in membership, exceptional investment returns and a further strengthening of its reserves.
For the year ended 31 December 2024, Bonitas has grown its membership to 731 576 beneficiaries, securing its place as the second-largest open medical scheme in South Africa. It also delivered a 13.4% return on investment of members’ contributions, which is nearly double the 7.7% achieved the previous year and well above the strategic target of CPI plus 3,5%.
Bonitas Medical Fund has announced its strongest financial results to date, reporting a solid increase in membership, exceptional investment returns and a further strengthening of its reserves.
For the year ended 31 December 2024, Bonitas has grown its membership to 731 576 beneficiaries, securing its place as the second-largest open medical scheme in South Africa. It also delivered a 13.4% return on investment of members’ contributions, which is nearly double the 7.7% achieved the previous year and well above the strategic target of CPI plus 3,5%.