South Africa: RH Bophelo acquires Genric Insurance

JSE-listed healthcare special purpose acquisition company RH Bophelo has acquired 25% stake in niche insurer Genric Insurance for R52.5m (US$3.5m). The company said that it had identified Genric as a valuable acquisition due to the company’s unique insurance solutions and business model, and that the acquisition creates a platform for RH Bophelo’s target clientele as…