Medscheme’s legal battle with software developer could cost R750-m

 

“A 15-year-old legal battle between medical aid administrator Medscheme, which is owned by the listed healthcare company AfroCentric and Sanlam, and software developer Neil Harvey and Associates (NHA) is reaching its climax, reported Daily Maverick (10 August 2021). Recent events have made it clear there may be more

to the case than AfroCentric has disclosed to shareholders. Technically, the claim is for R375-m, but should Medscheme lose, it could easily cost the company something in the region of R750-m with interest and legal expenses.

To read more:

https://www.dailymaverick.co.za/article/2021-08-09-medschemes-legal-battle-with-software-developer-could-end-up-costing-about-r750m/

 

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