This is both a challenging and rewarding time for Netcare and the Board. Netcare has made steady progress since we embarked on our strategy in 2018. Despite exceptionally tough conditions, we have now reached a watershed moment in our strategic journey.

The completion of our foundational programme to digitally enable Netcare's unique ecosystem of services, brings us to an inflection point in our ten-year strategic journey to transform the way we deliver health and care, and thus to redefine our contribution to South African healthcare.

"The Group has been able to expand its EBITDA¹ margin and achieve solid operating leverage and strong cash generation, despite the relatively low levels of volume growth."