The investment case for SA drug manufacturing

President Cyril Ramaphosa recently addressed the nation about his economic reconstruction and recovery plan. One of the proposals for job creation is a focus on reversing the decline in local manufacturing. The pharmaceutical sector has sadly been a prime example of this trend. Although the economic argument for reviving local manufacturing is a compelling one, it is not the only one. Alarmingly for us, over the past 15 years, South Africa has seen 40 pharmaceutical manufacturing facilities close. Most of these facilities were owned by multinational companies and manufactured their…

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