Logo
Carte Blanche 2021 Slim Billboard Desktop 1600x160

[FROM THE ARCHIVES] Taking pensioners for a costly ride

Video
28 October
๐—ง๐—ต๐—ถ๐˜€ ๐˜€๐˜๐—ผ๐—ฟ๐˜† ๐—ผ๐—ฟ๐—ถ๐—ด๐—ถ๐—ป๐—ฎ๐—น๐—น๐˜† ๐—ฎ๐—ถ๐—ฟ๐—ฒ๐—ฑ ๐—ผ๐—ป ๐Ÿฎ๐Ÿฑ ๐—ข๐—ฐ๐˜๐—ผ๐—ฏ๐—ฒ๐—ฟ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฌ. The Directorate for Priority Crime Investigation in the North West is investigating a prominent, charismatic businessman from Potchefstroom after hundreds of investors โ€“ many of them pensioners and widows โ€“ were left with nothing to show for the nearly R44-million they claim they sunk into what they had been promised would be a fool-proof venture. Large plush offices, high-profile radio marketing and television interviews in which he promised returns of up to 3% were all it took to dupe pensioners into parting with almost everything they had saved up for their old age. We meet the widows who have lost everything after the businessman liquidated his business, blaming COVID-19. Your favourite episodes are now available on Carte Blanche: The Podcast: https://linktr.ee/carteblanchetv
Related Content
Medical aid misery Image : 13875
Video
Medical aid misery
๐—ง๐—ต๐—ถ๐˜€ ๐˜€๐˜๐—ผ๐—ฟ๐˜† ๐—ผ๐—ฟ๐—ถ๐—ด๐—ถ๐—ป๐—ฎ๐—น๐—น๐˜† ๐—ฎ๐—ถ๐—ฟ๐—ฒ๐—ฑ ๐—ผ๐—ป ๐Ÿฎ๐Ÿฑ ๐—ฆ๐—ฒ๐—ฝ๐˜๐—ฒ๐—บ๐—ฏ๐—ฒ๐—ฟ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฎ. Is it a case of money before members? Health Squared sold itself as a โ€˜dynamic, new-age medical scheme that is continuously challenging the status quo by delivering more of the healthcare benefits you needโ€™. But for three years, it operated well under the mandatory solvency threshold of 25 percent without a word of caution to its members. Even as the financial situation deteriorated post-pandemic, with a rapidly dwindling membership and an above-average claims ratio from pensioners, members were oblivious that the writing was on the wall. When the axe finally fell, and the scheme applied for voluntary liquidation, members on chronic treatment for life-threatening diseases had mere days to scramble for alternative cover. The bombshell came in defiance of a bid by the Council for Medical Schemes to appoint a curator to protect members. In a lifeline to some, the court ruled that 54 members on dialysis would have their treatment and medication covered until the end of September, or until they joined another scheme. Carte Blanche investigates what this means for patients experiencing grave, life-altering risks. Your favourite episodes are now available on Carte Blanche: The Podcast: https://bit.ly/PodcastCB