SA’s key industry association for pharmaceutical manufacturers is to seek a meeting with senior health officials over the “puzzling” 3.28% maximum price increase for private sector medicine sales in 2023.

The Pharmaceutical Task Group (PTG) says it had anticipated a price hike broadly in line with average consumer price inflation for 2022, which the SA Reserve Bank forecast in November would come in at 6.7%...

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.