Netcare Limited

JSE:NTC Stock Report

Market Cap: R18.9b

Netcare Management

Management criteria checks 4/4

We currently do not have sufficient information about the CEO.

Key information

Richard Friedland

Chief executive officer

R28.7m

Total compensation

CEO salary percentage41.68%
CEO tenure20.4yrs
CEO ownershipn/a
Management average tenure5.8yrs
Board average tenure3.6yrs

Recent management updates

Netcare Limited's (JSE:NTC) CEO Compensation Is Looking A Bit Stretched At The Moment

Jan 30
Netcare Limited's (JSE:NTC) CEO Compensation Is Looking A Bit Stretched At The Moment

We Think Some Shareholders May Hesitate To Increase Netcare Limited's (JSE:NTC) CEO Compensation

Feb 01
We Think Some Shareholders May Hesitate To Increase Netcare Limited's (JSE:NTC) CEO Compensation

Recent updates

Netcare Limited's (JSE:NTC) CEO Compensation Is Looking A Bit Stretched At The Moment

Jan 30
Netcare Limited's (JSE:NTC) CEO Compensation Is Looking A Bit Stretched At The Moment

Netcare Limited (JSE:NTC) Full-Year Results: Here's What Analysts Are Forecasting For This Year

Nov 28
Netcare Limited (JSE:NTC) Full-Year Results: Here's What Analysts Are Forecasting For This Year

Netcare (JSE:NTC) Will Be Hoping To Turn Its Returns On Capital Around

Nov 18
Netcare (JSE:NTC) Will Be Hoping To Turn Its Returns On Capital Around

Netcare (JSE:NTC) Is Due To Pay A Dividend Of ZAR0.36

Jun 24
Netcare (JSE:NTC) Is Due To Pay A Dividend Of ZAR0.36

We Think Some Shareholders May Hesitate To Increase Netcare Limited's (JSE:NTC) CEO Compensation

Feb 01
We Think Some Shareholders May Hesitate To Increase Netcare Limited's (JSE:NTC) CEO Compensation
User avatar

Data Analytics Platform Will Optimize Clinical Operations By End Of 2024

Digitization and data-driven strategies optimize operations, reduce costs, and enhance net margins and competitive positioning through improved clinical efficiency.

Capital Allocation Trends At Netcare (JSE:NTC) Aren't Ideal

Sep 19
Capital Allocation Trends At Netcare (JSE:NTC) Aren't Ideal

Investors Still Waiting For A Pull Back In Netcare Limited (JSE:NTC)

Jun 13
Investors Still Waiting For A Pull Back In Netcare Limited (JSE:NTC)

Netcare's (JSE:NTC) Dividend Will Be ZAR0.30

May 22
Netcare's (JSE:NTC) Dividend Will Be ZAR0.30

Capital Allocation Trends At Netcare (JSE:NTC) Aren't Ideal

Mar 09
Capital Allocation Trends At Netcare (JSE:NTC) Aren't Ideal

Is Netcare (JSE:NTC) A Risky Investment?

Jan 20
Is Netcare (JSE:NTC) A Risky Investment?

Investors Could Be Concerned With Netcare's (JSE:NTC) Returns On Capital

Nov 26
Investors Could Be Concerned With Netcare's (JSE:NTC) Returns On Capital

Netcare (JSE:NTC) Is Paying Out A Larger Dividend Than Last Year

Jul 04
Netcare (JSE:NTC) Is Paying Out A Larger Dividend Than Last Year

Netcare (JSE:NTC) Is Paying Out A Larger Dividend Than Last Year

Jun 09
Netcare (JSE:NTC) Is Paying Out A Larger Dividend Than Last Year

Netcare Limited Beat Revenue Forecasts By 6.6%: Here's What Analysts Are Forecasting Next

May 26
Netcare Limited Beat Revenue Forecasts By 6.6%: Here's What Analysts Are Forecasting Next

Netcare's (JSE:NTC) Dividend Will Be Increased To ZAR0.30

May 25
Netcare's (JSE:NTC) Dividend Will Be Increased To ZAR0.30

Some Investors May Be Worried About Netcare's (JSE:NTC) Returns On Capital

Apr 25
Some Investors May Be Worried About Netcare's (JSE:NTC) Returns On Capital

Is Netcare (JSE:NTC) Using Too Much Debt?

Mar 17
Is Netcare (JSE:NTC) Using Too Much Debt?

Netcare (JSE:NTC) Has Announced That Its Dividend Will Be Reduced To ZAR0.30

Jan 19
Netcare (JSE:NTC) Has Announced That Its Dividend Will Be Reduced To ZAR0.30

Netcare (JSE:NTC) Has Announced That Its Dividend Will Be Reduced To ZAR0.30

Jan 05
Netcare (JSE:NTC) Has Announced That Its Dividend Will Be Reduced To ZAR0.30

Netcare's (JSE:NTC) Shareholders Will Receive A Smaller Dividend Than Last Year

Dec 16
Netcare's (JSE:NTC) Shareholders Will Receive A Smaller Dividend Than Last Year

Netcare's (JSE:NTC) Dividend Will Be Reduced To ZAR0.30

Nov 24
Netcare's (JSE:NTC) Dividend Will Be Reduced To ZAR0.30

Calculating The Fair Value Of Netcare Limited (JSE:NTC)

Aug 31
Calculating The Fair Value Of Netcare Limited (JSE:NTC)

We Think Netcare (JSE:NTC) Can Stay On Top Of Its Debt

Aug 12
We Think Netcare (JSE:NTC) Can Stay On Top Of Its Debt

Investors Appear Satisfied With Netcare Limited's (JSE:NTC) Prospects

Jul 28
Investors Appear Satisfied With Netcare Limited's (JSE:NTC) Prospects

CEO Compensation Analysis

How has Richard Friedland's remuneration changed compared to Netcare's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2025R29mR12m

R2b

Jun 30 2025n/an/a

R2b

Mar 31 2025n/an/a

R2b

Dec 31 2024n/an/a

R1b

Sep 30 2024R39mR11m

R1b

Jun 30 2024n/an/a

R1b

Mar 31 2024n/an/a

R1b

Dec 31 2023n/an/a

R1b

Sep 30 2023R38mR11m

R1b

Jun 30 2023n/an/a

R1b

Mar 31 2023n/an/a

R1b

Dec 31 2022n/an/a

R1b

Sep 30 2022R14mR10m

R967m

Jun 30 2022n/an/a

R881m

Mar 31 2022n/an/a

R794m

Dec 31 2021n/an/a

R762m

Sep 30 2021R11mR10m

R730m

Jun 30 2021n/an/a

R438m

Mar 31 2021n/an/a

R146m

Dec 31 2020n/an/a

R262m

Sep 30 2020R15mR9m

R378m

Jun 30 2020n/an/a

R1b

Mar 31 2020n/an/a

R2b

Dec 31 2019n/an/a

R2b

Sep 30 2019R10mR9m

R2b

Compensation vs Market: Richard's total compensation ($USD1.80M) is about average for companies of similar size in the ZA market ($USD1.41M).

Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.

CEO

Richard Friedland (64 yo)

20.4yrs
Tenure
R28,739,000
Compensation

Dr. Richard Harold Friedland, BvSc, MBBCh, Dip Fin Man, MBA has been the Group Chief Executive Officer of Netcare Limited since September 1, 2005. Dr. Friedland has been an Executive Director at Netcare Li...

Leadership Team

NamePositionTenureCompensationOwnership
Richard Friedland
Group CEO & Executive Director20.4yrsR28.74mno data
Keith Gibson
Group CFO & Executive Director14.3yrsR16.99mno data
Craig Grindell
Managing Director of Netcare 9118.8yrsR9.10mno data
Teshlin Akaloo
Managing Director of Innovative Products6.1yrsR8.35mno data
Erich Bock
Managing Director of Hospital Division1.8yrsR8.62mno data
Sara Nayager
Managing Director of Primary Care1.1yrsR2.59mno data
Travis Dewing
Chief Information Officerno datano datano data
Charles Vikisi
Group Company Secretary & General Counsel5.4yrsno datano data
Nceba Ndzwayiba
Group HR & Transformation Director5.1yrsno datano data
Gershon Venkatasamy
Chief data & AI officerno datano datano data
Vuyokazi Maleki
Managing director of Netcare Akesono datano datano data
5.8yrs
Average Tenure
48yo
Average Age

Experienced Management: NTC's management team is seasoned and experienced (5.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Richard Friedland
Group CEO & Executive Director28.8yrsR28.74mno data
Keith Gibson
Group CFO & Executive Director14.3yrsR16.99mno data
Louisa Stephens
Independent Non-Executive Director3.1yrsR1.33mno data
Alexander Maditse
Independent Non-Executive Chairman2.7yrsR1.11mno data
Lezanne Human
Independent Non-Executive Director6.8yrsR1.61mno data
Busisiwe Mathe
Independent Non-Executive Directorless than a yearno datano data
Rozett Phillips
Independent Non Executive Director4.1yrsR1.45mno data
Ian Kirk
Independent Non-Executive Director3.1yrsR1.48mno data
3.6yrs
Average Tenure
55yo
Average Age

Experienced Board: NTC's board of directors are considered experienced (3.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/16 08:35
End of Day Share Price 2026/02/13 00:00
Earnings2025/09/30
Annual Earnings2025/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Netcare Limited is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rendani MagalelaAbsa Bank Limited
Sean UngererArqaam Capital Research Offshore S.A.L.
Simon MatherBarclays