Netcare sees disturbing rise in demand for mental healthcare

Business

Netcare sees disturbing rise in demand for mental healthcare

Number of days spent in hospital dropped overall, but its new mental health business made up for it

Journalist

Financial woes, crime and the end of Ramaphoria are making South Africans sick and, in some cases, mentally stressed.

And the increase in stress is being reflected in the business of Netcare (https://www.sharenet.co.za/v3/quickshare.php?scode=NTC). The group said in its latest results this week that even as the number of days spent in hospital dropped overall, its new mental health business made up for it.

Netcare bought Akeso Psychiatric Hospitals in 2018 and reported in its annual results that “demand for mental healthcare remains strong”. It’s good news for the company and for patients who get the care they need, but is just one more indication that South Africans are struggling...

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