A dispute has erupted within the pharmaceutical industry over how to respond to a government proposal in South Africa to allow local manufacturers to copy brand-name drugs and sell them in the country at a lower cost.
South Africa’s government asked antitrust regulators to stop Kansai Paint Co. ’s takeover of Freeworld Coatings Ltd. , the second foreign purchase authorities in Africa’s largest economy have tried to block this year.
Prudence Moime looks up from stirring a pot of corn meal in front of her two-room shanty in northeastern South Africa and gazes across the surrounding rocky hillside. Just beyond her view lie some of the world’s best platinum deposits.
South Africa’s Department of Trade and Industry plans to intervene in Kansai Paint Co.’s takeover of Freeworld Coatings Ltd. on grounds of public interest, Business Day reported, citing Kansai’s legal adviser, Jean Meijer.
South Africa’s government will back a request by farmers for preferential access to European markets for its sugar exports, Business Day said, citing Department of Trade and Industry spokesman, Charles Mnisi.
A South African task team established by the Department of Trade and Industry will make policy recommendations on the country’s steel industry after an investigation of a dispute between ArcelorMittal South Africa Ltd. and Kumba Iron Ltd., Deputy Director-General Nimrod Zalk said.