Medico Appoints Dr Nkateko Munisi, CEO Of SAMDP Group Holdings (Sgh), As Chairperson Of Its Board.
The Board of Directors of MediCo CFI is pleased to announce the appointment of Dr. Nkateko David Munisi as chairperson.
Dr. Munisi’s appointment follows the stepping down, after ten years, of South African business entrepreneur, Adv. Barend Esterhuyzen, who founded MediCo CFI in 2015. MediCo was established to provide banking services such as capital, financial services, medical equipment rental and investment opportunities to medical professionals in South Africa and has built up a noticeable market share in financing emerging doctors and healthcare professionals into new healthcare practices. Adv. Esterhuyzen shall remain invested in MediCo CFI as a material shareholder.
MediCo has built an impressive infrastructure of 1,300 members and has been instrumental in establishing more than 160 new healthcare practices countrywide. The CFI is strictly regulated by the Prudential Authority of the South African Reserve Bank as a deposit taking, credit and financial institution.
The appointment of Dr. Munisi leads in a new era for MediCo, with the application for a fully-fledged Mutual Bank license and conversion from a co-op to a public company.
Dr. Munisi is a seasoned healthcare professional, corporate governance expert and community leader with more than thirty years of experience in medical practice, healthcare leadership and investment strategy. Currently he is the Chief Executive Officer of SAMDP Group Holdings (SGH), where he oversees strategic growth and healthcare-related investments.
His extensive governance experience includes serving as a Non-Executive Director at Afrocentric Ltd, Chairman of Resultant Finance, Chairman of the Bertha Gxowa Hospital Board, and advisory roles with the Eskom Pension and Provident Fund Medical Panel. Over the years, Dr. Munisi has made significant contributions to MediCo’s governance serving on the Credit and Investment Committees of MediCo and in strategic oversight roles.
Dr. Munisi’s career reflects a strong commitment to advancing healthcare access, building sustainable medical networks and driving innovation within both the health and financial sectors. His leadership has extended beyond medicine into community service, with long-standing involvement in educational, charitable and elder care organisations.
In accepting the role of the new chairperson of the Board, Dr. Munisi said: “I am honoured to be entrusted with the responsibility of chairing the Board of MediCo. The financial institution has a critical role in supporting healthcare professionals and strengthening the cooperative financial services sector. I look forward to working with the Board and management team to ensure strong governance, drive sustainable growth, and create greater value for our members and stakeholders. The growth of the country’s health economy and strengthening health systems across the country is at the root of our vision.”
Dr. Munisi’s appointment underscores MediCo’s commitment to sound governance, strategic advancement, and its mission to provide innovative financial solutions tailored to the needs of healthcare professionals.
Dr. Munisi said he is excited about the applied for Mutual Bank structure that offers MediCo the opportunity to expand into new markets, invest in innovation and enhancing members experience.
“Adv Barend Geldenhuys (right), who chaired MediCo for the past ten years, handed over the reigns to newly appointed chairperson, Dr. Nkateko Munisi.
