Latest news with #R78m
TimesLIVE
14-05-2025
- Business
- TimesLIVE
Durban Chamber of Commerce backs Lenmed's vision for medical tourism and economic growth
Organised business believes the new Lenmed eThekwini Acute Rehabilitation Centre is a powerful vote of confidence in Durban's 'resilience, economic stability, and long-term growth potential'. Durban Chamber of Commerce and Industry CEO Palesa Phili said at a time when 'everyone was very jittery' about investing in Durban and KwaZulu-Natal, the Lenmed Group went ahead with investments. During the 2021 July unrest, which swept through KwaZulu-Natal and parts of Gauteng, fires and violence raged around the hospital in the Queen Nandi Drive vicinity. 'We believe this investment will position Durban favourably and contribute to the economic growth and job creation of our city. "Most importantly, it will also create vast opportunities from the health sector,' Phili told local dignitaries, government officials and business leaders at the official opening on Monday. The chamber hopes to partner with the facility to boost medical tourism in the city. 'We need to start pushing medical tourism to bring more medical tourists into our city. Because we have establishments such as this, we are ready to take care of all types of medical issues that any tourist may encounter. We look forward to that partnership,' she said. The purpose-built 41-bed with five acute beds unit is designed to support patients in the critical early phases of recovery after complex medical events such as stroke, spinal cord injury, neurosurgery, cardiac events, major trauma and other debilitating conditions. It offers interdisciplinary, team-based rehabilitation services, led by a dedicated team of physiotherapists, occupational therapists, speech therapists, and rehabilitation nurses working alongside specialists. Lenmed Group CEO Amil Devchand said the new unit was the group's 20th facility. 'Apart from the tremendous growth projects we've seen at this hospital over the years, there are several others under way. 'We're also in the fortunate position of having a strong and robust growth pipeline, with nearly R800m set to be deployed across our other facilities over the next two to three years. There are not many healthcare groups, or businesses, that have the confidence to execute at this scale,' he said. However, government and regulators need to recognise the value of the private healthcare sector, Devchand said. 'There is much more that can be done. We continue to be hopeful government and regulators will recognise the tremendous asset that lies within the private healthcare sector, just as they have done in other industries, in the interest of strengthening the national healthcare delivery platform. 'Let us aim for a solution that is not political or populist, but one that is sustainable, built on evidence and data, and truly capable of making a difference to the people of this country. We stand ready to collaborate and partner in this regard,' he said. Niresh Bechan, CEO at eThekwini Hospital and Heart Centre, said the R78m state-of-the-art acute rehabilitation unit provided 'a full continuum of care without referring patients elsewhere, significantly enhancing the patient's care journey and experience'. 'This holistic approach ensures patients receive not only medical management and supervision of underlying conditions but also emotional and psychological support, family education and care training. Our goal is to maximise functional independence, restore quality of life and facilitate safe, timely discharge back into the community.'
The Citizen
06-05-2025
- Politics
- The Citizen
Sebokeng DLTC vandalised despite R9.4m spent on security
The DA's Emfuleni North Constituency Head and MPL Kingsol Chabalala says it is absurd that millions of rands have been wasted on paying security companies who fail to deliver security services at the Sebokeng DLTC. In response to questions posed by Chabalala in the Gauteng Provincial Legislature, Gauteng MEC for Infrastructure Development Jacob Mamabolo stated that a total of R9.4m has been spent on securing the Sebokeng DLTC as of 1 June, 2019, to date. Chabalala said the DLTC is in disrepair, heavily vandalised, and ruined despite over R9.4 m spent on security services meant to safeguard the facility. 'The DA in Gauteng demands that MEC Mamabolo fast-track the completion of the Sebokeng DLTC to ensure that Emfuleni residents have access to this facility instead of wasting taxpayers' money on paying ineffective security companies.' 'It is a travesty that this project, which has already cost taxpayers over R78m, has been abandoned and left to rot while residents are forced to commute or walk long distances to access DLTC services.' Chabalala said the Sebokeng DLTC is another example of the Gauteng Department of Infrastructure Development's failure to complete projects on time and within budget. He said he will write to MEC Mamabolo to provide timelines to ensure the project is completed within the stipulated additional budget. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
Yahoo
12-04-2025
- Business
- Yahoo
Insider Spends €27m Buying More Shares In Lighthouse Properties
Lighthouse Properties p.l.c. (JSE:LTE) shareholders (or potential shareholders) will be happy to see that the Non-Independent Non-Executive Director, Desmond de Beer, recently bought a whopping R27m worth of stock, at a price of R7.58. While that only increased their holding size by 1.1%, it is still a big swing by our standards. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Notably, that recent purchase by Non-Independent Non-Executive Director Desmond de Beer was not the only time they bought Lighthouse Properties shares this year. They previously made an even bigger purchase of R78m worth of shares at a price of R7.76 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being R7.74). Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Lighthouse Properties insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction! Check out our latest analysis for Lighthouse Properties There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Lighthouse Properties insiders own 18% of the company, currently worth about R2.8b based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders. It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Lighthouse Properties. That's what I like to see! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 3 warning signs for Lighthouse Properties (of which 1 is concerning!) you should know about. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
16-03-2025
- Business
- Yahoo
Insider Buys Additional €6.9m In Lighthouse Properties Stock
Investors who take an interest in Lighthouse Properties p.l.c. (JSE:LTE) should definitely note that the Non-Independent Non-Executive Director, Desmond de Beer, recently paid R8.00 per share to buy R6.9m worth of the stock. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign. See our latest analysis for Lighthouse Properties In fact, the recent purchase by Non-Independent Non-Executive Director Desmond de Beer was not their only acquisition of Lighthouse Properties shares this year. They previously made an even bigger purchase of R78m worth of shares at a price of R7.76 per share. That means that an insider was happy to buy shares at around the current price of R8.03. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. The good news for Lighthouse Properties share holders is that insiders were buying at near the current price. In the last twelve months Lighthouse Properties insiders were buying shares, but not selling. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! Lighthouse Properties is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying. Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It's great to see that Lighthouse Properties insiders own 20% of the company, worth about R2.9b. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders. It is good to see recent purchasing. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Lighthouse Properties. Looks promising! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Our analysis shows 3 warning signs for Lighthouse Properties (1 is a bit unpleasant!) and we strongly recommend you look at them before investing. But note: Lighthouse Properties may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
