Local producers up in arms after minister defers anti-dumping duties to curb shortages and rising food costs.
Nhlanhla Gumede, head of electricity regulation at SA's energy regulator, says a 'one-stop shop' is needed to speed up processes.
Nick Dreyer is the co-founder and CEO of Veldskoen Shoes
Four years after a protracted battle with a Chilean rival for control of Adcock Ingram, industrial giant Bidvest wants to dispose of its stake in the company.
The intention to sell follows the group's decision to divest from noncore assets, which include an interest in Comair, owner of kulula.com.
Bidvest's pursuit of the drug manufacturer was spearheaded by its then CEO, Brian Joffe, resulting in the group acquiring a 30% stake valued at R3.2bn. It currently owns more than 38% in the company, which Chilean drugmaker CFR Pharmaceuticals tried to buy outright in 2014.
Bidvest told Business Times it had previously indicated it was looking to divest its noncore assets at fair value. Its core divisions are services, freight, office and print, automotive, financial services, commercial products and electrical.
The pharmaceuticals sector was a departure from its focus areas, making the decision to buy into Adcock questionable.
The fight over control of the drug manufactu...
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email firstname.lastname@example.org or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.