SA’s biggest industry association for pharmaceutical manufacturers has welcomed the government’s announcement that private-sector medicine prices may increase by up to 3.68% this year.

“It is significantly below what we expected, but we are sensitive to the environment we are in presently,” said Pharmaceutical Task Group chair Stavros Nicolaou, head of strategic trade at Aspen Pharmacare. The industry had hoped for an increase of about 5%, he said...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.