RH Bophelo (RHB) is a black-owned African healthcare company that listed on the JSE in July 2017 as a "special purpose acquisition company" (SPAC) after raising R500m (50 000 shares at R10 per share). It has since acquired shares in African Healthcare (Pty) Ltd. (AHC), Vryburg Private Hospital (VPH) and Rondebosch Medical Center (Pty) Ltd. (RMC) - which resulted in its reclassification by the JSE on 30th September 2018. The company acquired 30% of RMC - a company that was independently valued at R34,6m. In its results for the six months to 31st August 2023 the company reported investment income of R56,1m compared with R17,1m in previous period. Headline earnings per share (HEPS) increased by 248%. From a private investor's perspective is that it has almost no volume traded - which makes it completely impractical as an investment.