Report Coverage
This report focuses on residential facilities/old age homes for old people in South Africa and includes information on the funding of facilities with a focus on those that are subsidised by government. There are profiles of 27 companies, NGOs and associations including Rand Aid, Algoa Bay Council for the Aged, Flower Foundation Retirement Homes, Botshabelo Haven, Free State Care in Action and Life Esidimeni.
Introduction
This report focuses on residential facilities/old age homes for old people in South Africa, where the elderly population (people aged 60 and over) continues to grow. The growth rate among the elderly increased from 1.1% in 2002-2003 to 3% in 2019-2020. The South African population was 59.6 million according to mid-2020 Stats SA figures, of which 5.4 million people were aged 60 and over. South Africa faces many different healthcare demands and caring for the elderly is expected to become critical in the next few decades as the country is not ready to meet the needs of a growing elderly population. According to the South African Human Rights Commission, old people continue to lack access to adequate healthcare, social support, and other basic services. Government’s social grant amounts for old people and subsidies provided to residential care facilities are insufficient to cover increasing costs, forcing many facilities to close. Despite this, finance minister Tito Mboweni said in his March 2021 budget speech, that expenditure on social grants would reduce by R36bn (2.2%) over the next three years (R5.8bn in the 2021/22 financial year, R10.7bn in 2022/23 and R19.5bn in 2023/24).
Strengths
• Represented by organisations that try to advocate for the rights of old people.
Weaknesses
• Delays in subsidy payments from Department of Social Development.
• Shortage of nurses and trained staff.
• Subsidies have not kept up with increased operating costs.
• There are insufficient affordable facilities.
Opportunities
• Growing demand for residential facilities and frail care centres.
• Increasing older population.
• Not enough affordable facilities.
Threats
• Continued subsidy cutbacks by government.
• Decline in donor funding.
• Increasing operational costs.
• Insufficient funding from government.
Outlook
Demand for care among the elderly is expected to escalate, but South Africa is ill prepared. Many old age homes are on the brink of collapsing. According to The Association for the Aged, there is a shortage of affordable residential facilities for old people. The shortage of trained and experienced nurses, and care workers places further challenges on the sector and the association and several old aged homes said that if government does not review its funding model to include inflation-related subsides, more facilities will close. Armand Bam, head of social impact and senior lecturer on business in society at the University of Stellenbosch Business School said that “operating welfare homes, or any non-profit organisation in fact, is not easy nor cheap, and reliance on pensions and restricted government subsidies just does not go far enough. Whether they are faith-based, charitable or skills-directed, we must not only be ready to benefit from them but be ready to serve them before they disappear.”
Residential Facilities for The Elderly Industry in South Africa
2021
Full Report
R 1 900.00(ZAR) estimated $106.86 (USD)*
Industry Landscape
R 1 330.00(ZAR) estimated $ 74.80 (USD)*
Historical Reports
Residential Facilities for The Elderly Industry in South Africa 2017-04-12
R 1 900.00(ZAR) estimated $106.86 (USD)*
View Report Add to CartTable of Contents
[ Close ]| PAGE | ||
|---|---|---|
| 1. | INTRODUCTION | 1 |
| 2. | DESCRIPTION OF THE INDUSTRY | 1 |
| 2.1. | Industry Value Chain | 3 |
| 2.2. | Geographic Position | 4 |
| 3. | SIZE OF THE INDUSTRY | 5 |
| 4. | STATE OF THE INDUSTRY | 6 |
| 4.1. | Local | 6 |
| 4.1.1. | Corporate Actions | 11 |
| 4.1.2. | Regulations | 11 |
| 4.1.3. | Enterprise Development and Social Economic Development | 13 |
| 4.2. | Continental | 14 |
| 4.3. | International | 16 |
| 5. | INFLUENCING FACTORS | 17 |
| 5.1. | Coronavirus | 17 |
| 5.2. | Economic Environment | 19 |
| 5.3. | Rising Costs | 19 |
| 5.4. | Labour | 20 |
| 6. | COMPETITION | 22 |
| 6.1. | Barriers to Entry | 22 |
| 7. | SWOT ANALYSIS | 23 |
| 8. | OUTLOOK | 23 |
| 9. | INDUSTRY ASSOCIATIONS | 23 |
| 10. | REFERENCES | 24 |
| 10.1. | Publications | 24 |
| 10.2. | Websites | 24 |
| APPENDIX 1 | 25 | |
| Summary of Notable players | 25 | |
| APPENDIX 2 | 28 | |
| Residential Facilities for Older Persons Contact details | 28 | |
| ORGANOGRAM | 138 | |
| Residential Facilities for The Elderly | 138 | |
| COMPANY PROFILES | 140 | |
| AFRIKAANSE CHRISTELIKE VROUE VEREENIGING | 140 | |
| ALGOA BAY COUNCIL FOR THE AGED | 143 | |
| ASSOCIATION FOR THE AGED (THE) | 145 | |
| BADISA | 149 | |
| BOIKETLONG OLD AGE HOME | 152 | |
| BOTSHABELO HAVEN | 153 | |
| CAPE PENINSULA ORGANISATION FOR THE AGED | 154 | |
| EXECUTIVE WELFARE COUNCIL OF THE AFM OF SA (THE) | 157 | |
| FLOWER FOUNDATION RETIREMENT HOMES | 159 | |
| FREE STATE CARE IN ACTION | 162 | |
| KWABADALA RESIDENTIAL CARE FACILITY | 165 | |
| LIFE ESIDIMENI (PTY) LTD | 166 | |
| MANGAUNG SOCIETY FOR THE CARE OF THE AGED | 168 | |
| METHODIST HOMES FOR THE AGED (BLOEMFONTEIN) NPC (THE) | 170 | |
| METHODIST HOMES FOR THE AGED (EASTERN CAPE) NPC | 172 | |
| METHODIST HOMES FOR THE AGED NPC | 175 | |
| NEIGHBOURHOOD OLD AGE HOMES | 178 | |
| PIETERMARITZBURG AND DISTRICT ASSOCIATION FOR THE CARE OF THE AGED | 180 | |
| RAND AID ASSOCIATION | 183 | |
| RESIDENTIA FOUNDATION | 186 | |
| SILVER CROWN OLD AGE HOME | 189 | |
| SONOP OLD AGE HOME | 190 | |
| SOUTH AFRICA RED CROSS SOCIETY NPC (THE) | 191 | |
| SUID-AFRIKAANSE VROUEFEDERASIE | 194 | |
| THEKOLOHELONG WELFARE CENTRE | 199 | |
| YADE CARING ACTION NPC | 200 | |
| ZANELE MBEKI FRAIL CARE CENTRE | 201 |
