Wits Health Consortium (Pty) Limited (“WHC“) is a wholly owned Company of the University of the Witwatersrand, Johannesburg (South Africa) under its Faculty of Health Sciences and is a private company. WHC provides Faculty with a legal framework within which to operate the research and other activities necessary to support its academic objectives.
WHC was formed in March 1998 to harness and stimulate the commercial potential within Faculty, and in particular to capitalise on clinical research. The flexible manner in which WHC is structured encourages academics to operate their entities along entrepreneurial lines with strong investigator ownership. WHC balances reducing unnecessary bureaucratic control whilst still ensuring that activities are conducted in a formalised, controlled and well managed environment. WHC has also been the fertile breeding ground for many initiatives, the most notable being the formation of the Wits Donald Gordon Medical Centre which was incubated within WHC and eventually established in its own entity.
WHC is expected to be self-sufficient and ensures that syndicates do not incur losses and is managed to generate surplus for the CORE operation which is either used to improve services, or paid to Faculty to invest in the academic infrastructure within which WHC operates.