RH Managers, a Johannesburg based private equity firm in partnership with the Small Enterprise Development Finance Agency (SEFDA), has announced the launch of R75 million impact-driven fund to empower private medical professionals, expand access to quality healthcare in underserved communities, and help address the persistent underemployment of doctors in South Africa.
The Doctor SME Fund is designed to address the funding gap faced by early- and growth-stage doctor-led healthcare businesses operating in underserved urban and peri-urban communities.
Launched at a time when many qualified doctors & several healthcare professionals in South Africa are struggling to secure permanent placements in the public sector, the Fund creates an alternative pathway — enabling medical professionals to establish and grow sustainable private businesses that directly serve communities with limited access to healthcare.
With a total fund size of R75 million, the Fund provides senior debt financing of up to R1 million per SME, with the capital repayable over a five-year term as a loan , at interest rates of up to 5% per annum. The capital is extended to the SMEs incorporating interest and capital moratorium which are tailored on a case-by-case basis depending on the needs of each SME. Beyond capital, beneficiaries receive hands-on operational support, including feasibility guidance, marketing support, and structured loan management systems.
The Fund specifically invests in:
- Outpatient clinics expanding primary healthcare access
- Diagnostic centres improving screening and testing capabilities
- Mobile health units reaching remote and high-need areas
- Integrated pharmacies improving medicine availability
- Health-tech platforms driving innovation and efficiency
- Practitioner-led healthcare businesses serving local communities
Each investment is structured to deliver measurable impact — expanding healthcare access, stimulating local economic activity, creating jobs, and strengthening South Africa’s healthcare ecosystem.
Understanding the demands placed on healthcare professionals, the Fund’s investment process is designed to be clear and efficient. The six-step journey includes screening and credit checks; detailed due diligence and site visits; formal Investment Committee approval; funding agreement finalisation; ongoing monitoring and support; and potential eligibility for second- round funding upon successful repayment.
This structured approach ensures accountability while positioning healthcare SMEs for long- term sustainability.
Quinton Zunga the CEO of RH Managers said, “The Fund responds directly to systemic pressures within the healthcare system. South Africa produces highly skilled medical professionals every year, yet many face limited employment opportunities in the public sector. Through the Doctor
SME Fund, we are creating a practical solution — enabling doctors to become healthcare entrepreneurs. By supporting doctor-led enterprises in underserved communities, we simultaneously address access to care, professional underemployment, and local economic development.”
The Primary Healthcare Fund is positioned as a catalytic intervention — empowering doctors and healthcare professionals to build resilient, community-focused practices while expanding the availability of affordable medical services. Both early-stage and growth-stage practices, including new medical practices, are eligible to apply.
Doctors and healthcare professionals interested in applying for funding can obtain further information and submit enquiries through partner firm with details below:
Applications and enquiries:
Email: support@alchemyhealth.co.za Contact : 010 142 5000
Healthcare professionals seeking affordable capital to establish or expand their practices are encouraged to enquire directly.