New Cooperative Bank A Boost For Health Economy

The health economy received a boost with the launch of MediCoop CFI, a cooperative bank which is exclusive to the healthcare sector. MediCoop CFI offers healthcare professionals with access to capital and investment. Although the concept of a cooperative bank has been tried and tested globally, it is new to the health sector in South Africa.

The launch function was attended by health innovators in the business sector as well as leaders of healthcare associations. Offering the support of his department, Alan Winde, the Western Cape Minister of Economic Opportunities, said that MediCoop’s concept offers exciting potential to grow the health economy in the Western Cape.

Theuns Botha, MD of MeciCoop CFI, said that the cooperative offered growth opportunities, particularly for healthcare professionals wanting to enter the sector but needing seed capital.

“MediCoop offers a platform for healthcare professionals to grow. We understand the challenges faced by healthcare professionals and MediCoop is well-positioned to convert challenges into opportunities,” concluded Botha.