Market Sustainability

This project is led by the SAMED Market Sustainability committee, which advocates for the financial health and operational resilience of the medtech industry by engaging government stakeholders to ensure compliance with the Public Finance Management Act (PFMA), including payment within 30 days.

This includes efforts on improving payment timelines by Provincial Health Departments, NHLS and Military hospitals.

Late payment can lead to providing products and services which affect service delivery and patient access to products and care. It also adversely impacts competition and weakens the sustainability of the medtech industry.

SAMED has engaged at the highest level, writing to the South African President to facilitate resolution, and continues to engage with the National and Provincial Health Departments to create action plans, facilitate information exchange and put together workshops that enable more efficient payment processes. SAMED also engages with members to educate them on the correct processes to follow and documentation required.

SAMED collects members data and tracks the extent of this problem. We urge members to submit figures on a regular basis in order for us to ascertain the extent of delayed payments and to present a unified industry response in an attempt to improve payment time frames.

 To participate, contact Ntokozo at projects@samed.org.za 

It is essential that members provide us with these statistics so that we have accurate, up-to-date figures when engaging with Provincial and National Government in order to communicate the seriousness of the issue and to advocate for transparent, effective tender and payment processes.

Watch the podcast for updates.