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Adcock expects to report up to 30% improvement in earnings

By: Darren Parker     26th January 2022 Pharmaceutical company Adcock Ingram has advised shareholders that its earnings per share (EPS) and headline earnings per share (HEPS) for the six months ended December 31, were expected to show an improvement of between 27% and 30%, or between 50.4c and 56c, year-on-year. This compares with the... 

Logistics companies ally to enlarge African healthcare network

By: Darren Parker     24th January 2022 Logistics companies Imperial and UbiPharm have joined forces to create an expansive healthcare distribution network across Africa. This strategic alliance is aimed at providing complementary continental route-to-market solutions to healthcare principals and clients, enabling both companies to... 

Modern disruptions priming chemicals industry for new way of doing business – Chieta

By: Donna Slater     19th January 2022 Despite the chemicals industry being the fifth hardest-hit industry globally as a result of supply chain challenges, oil price fluctuations and deglobalisation, the disruption has “primed” the industry for new business models, new partnerships and a new approach to problem-solving, says Chemical... 

an image of Chieta CEO Yershen Pillay
Chieta CEO Yershen Pillay

Ramaphosa, billionaire Soon-Shiong open NantSA vaccine production campus in Cape Town 

By: Irma Venter     19th January 2022 The NantSA vaccine manufacturing campus at Brackengate, in Cape Town, could soon produce its first Covid-19 vaccine, says NantWorks founder and CEO Dr Patrick Soon-Shiong. President Cyril Ramaphosa and Soon-Shiong on Wednesday officially opened the NantSA facility. 

Image of South African President Cyril Ramaphosa and Dr Patrick Soon-Shiong cut the ribbon on the NantSA facility
President Cyril Ramaphosa and Dr Patrick Soon-Shiong cut the ribbon on the NantSA facility

Local lab awarded licence to produce active ingredients for cannabis meds

By: Marleny Arnoldi     14th January 2022 The South African Health Products Regulatory Authority (Sahpra) has issued a licence to GESlabs to manufacture cannabinoid pharmaceutical ingredients for use in therapeutic medicines. The company built a R20-million pharmaceutical laboratory in Cape Town, which will serve local, regional and... 

Cannabis plant
Photo by Bloomberg
Cannabis plant

Toxic fumes ship will be dumping chemicals off St Helena Bay until March - maritime authority

By: News24Wire      13th January 2022 Around 1 500 tonnes of chemicals on the NS Qingdao bulk carrier were being dumped into the sea about 250km off St Helena Bay in an operation expected to end in March, the SA Maritime Authority (Samsa) said on Thursday. In October 2021, the ship was evacuated from the Port of Durban to St Helena... 

Africa joins race to acquire Pfizer's Covid-19 Paxlovid pills

By: Reuters     13th January 2022 Africa's top public health body said it was in talks with Pfizer about securing supplies of its antiviral Covid-19 pills for the continent, the latest to join the race for a drug seen as a potential game changer in fighting the virus. The Paxlovid medication was nearly 90% effective in preventing... 

Chieta, Sapref supporting chemicals industry skills development

By: Schalk Burger     11th January 2022 The partnership between chemicals industry education and training authority Chieta and oil refinery the South African Petroleum Refinery (Sapref) is providing skills development programmes in the sector, at an investment of R6-million by Chieta. Sapref, meanwhile, is providing 160 students a year... 

South African study to compare J&J, Pfizer Covid-19 boosters

By: Bloomberg     7th January 2022 Researchers have started recruiting South African health workers to take part in a vaccine trial that will compare the use of Johnson & Johnson and Pfizer Covid-19 shots as boosters. The health workers being targeted for the study were part of an initial trial known as Sisonke that saw almost... 

Tie pharma CEO pay to fair global Covid-19 vaccine access, investors say

By: Reuters     7th January 2022 A group of institutional investors representing $3.5-trillion in assets under management on Thursday called on pharmaceutical companies to link their executives' pay to making Covid-19 vaccines available around the globe. While the majority of citizens of wealthy nations are vaccinated and many... 

A Covid-19 vaccine being administered

Adcock expects to report higher interim earnings

By: Donna Slater     14th December 2021 JSE-listed pharmaceutical company Adcock Ingram reports that, owing to an improvement in the trading environment, its earnings a share and headline earnings a share for the six months to December 31 are likely to be 37.3c higher than the 186.5c reported for the six months ended December 31,... 

Chevron committed to growing Caltex brand in South Africa, Botswana

By: Simone Liedtke     14th December 2021 Chevron Africa-Pakistan and Chevron Brands International have a committed strategy to maintain and grow the Caltex-branded service station network across South Africa and Botswana, beyond the expiration of the current licence agreement in 2024. This development is aligned with its licensing... 

Pic of a newly branded Caltex service station
A newly branded Caltex service station

Sasol confirms major downward revision to Secunda’s output amid ongoing coal problems 

By: Terence Creamer     14th December 2021 Chemicals and energy group Sasol has announced a significant downward revision to its 2022 production forecast from its Secunda operations in Mpumalanga, owing to ongoing coal production problems. The JSE-listed company told shareholders on Tuesday that output from Secunda would be between... 

Sasol Secunda
Sasol Secunda

Sahpra approves affordable, locally developed Covid-19 antigen test

By: Yvonne Silaule     9th December 2021 South Africa's fight against Covid-19 has received a boost with the approval by the South African Health Products Regulatory Authority (Sahpra) of a locally developed Covid-19 antigen detection kit. The approved antigen detection device is a rapid visual immunoassay for the qualitative detection... 

Local cannabis group to list on Germany’s FSE

By: Marleny Arnoldi     6th December 2021 JSE-listed cannabis holdings group Labat Africa’s share price on the JSE rose by 56% on Monday after the company announced it had been approved for a listing on the Frankfurt Stock Exchange (FSE). Labat is one of two cannabis businesses listed in South Africa, with a focus on... 

Aspen strikes deal with J&J to launch own vaccine, called 'Aspenovax'

By: News24Wire      30th November 2021 Aspen will manufacture and sell its own branded Covid-19 vaccine in Africa, following an agreement with Johnson & Johnson. Johnson & Johnson is granting Aspen an intellectual property licence to produce its vaccine under the new brand name "Aspenovax". According to the deal, Aspen will... 

Filled vaccine vials

Aspen SA closer to launching own-branded vaccine, called Aspenovax, for Africa 

30th November 2021 Pharmaceutical company Aspen’s wholly-owned South African subsidiary, Aspen SA Operations, has signed a nonbinding term sheet with Janssen Pharmaceuticals and Janssen Pharmaceutica NV, two of the Janssen Pharmaceutical Companies of Johnson & Johnson, that will form the basis for the negotiation... 

Pic of Covid-19 Vaccines with South African flag in background.

Competition Commission prohibits sale of Sasol’s cyanide business

By: Simone Liedtke     30th November 2021 The Competition Commission has prohibited the sale of Sasol’s sodium cyanide business to Czech Republic-based specialty chemicals company, Draslovka. The commission’s approval was a key condition precedent to the transaction. 

Urgent interdict filed against Shell’s Wild Coast seismic survey

By: Simone Liedtke     30th November 2021 Four environmental and human rights organisations have filed an urgent interim-interim interdict against Shell in the Eastern Cape Division of the Grahamstown High Court to prevent the fossil fuel company from starting seismic testing along the ecologically diverse and sensitive marine... 

Pic of Shell logo.

Chemicals, media Setas team up to drive digital transformation

By: Schalk Burger     24th November 2021 The Chemical Industries Education and Training Authority (Chieta) and the Media, Information & Communication Technologies Sector Education and Training Authority ((MICT Seta) have signed a memorandum of understanding (MoU) to encourage greater cross-Seta collaboration on digital transformation... 

Unilever South Africa pioneers purple carbon in its homecare products

By: Tasneem Bulbulia     23rd November 2021 Consumer products company Unilever South Africa has become the first manufacturer in the world to introduce purple carbon into its range of homecare products. For the entire month, Sunlight Dishwashing Liquid with purple carbon was used as a demonstrator product, a pioneer in its category. 

Sasol aims to begin producing green hydrogen in Sasolburg from 2023  

By: Terence Creamer     22nd November 2021 Energy and chemicals groups Sasol aims to begin producing 6 t/d of green hydrogen at its facility in Sasolburg by 2023, VP for climate change Shamini Harrington reports. In a presentation delivered during the Africa Green Hydrogen Forum, Harrington said that the green hydrogen would be produced... 

Sasol also aims to repurpose Secunda to produce sustainable products
Sasol also aims to repurpose Secunda to produce sustainable products

Omnia highlights supply chain successes as it records strong interim performance

By: Tasneem Bulbulia     22nd November 2021 JSE-listed Omnia Holdings says it delivered a strong financial and operational performance for the six months ended September 30, having successfully navigated a complex global environment characterised by slow recovery of economic activity, steep increases in commodity prices and global... 

An image showing a BME used oil truck
BME used oil truck

Ascendis Health continues to consider nonbinding proposals, EoIs for shares

By: Simone Liedtke     12th November 2021 South African pharmaceuticals company Ascendis Health’s board of directors continues to consider nonbinding proposals and expressions of interest (EoIs) for the acquisition of Ascendis Health shares. The company on November 12 said it continues to receive a number of these, though it advised... 

Opinion: Embracing green energy industrialisation to tackle climate change and drive inclusive growth

10th November 2021 In this opinion article, Boston Consulting Group MD and partner Lucas Chaumontet writes about the need for South Africa to coordinate its climate change adaptation and mitigation plans with its broader national reindustrialisation plans. 

BCG MD and partner Lucas Chaumontet

Omnia expects to report higher interim earnings

By: Schalk Burger     8th November 2021 JSE-listed chemicals company Omnia expects to report an 89% to 109% year-on-year increase in earnings a share to between 287c and 317c for the six months ended September 30. Headline earnings a share are expected to be between 95% and 115% higher at between 291c and 320c. 

South African Investment Conference moved to March  

By: Schalk Burger     8th November 2021 President Cyril Ramaphosa, in his weekly letter, said the fourth South African Investment Conference, which would have been held this month has been moved to March next year owing to several events, including the local government elections, the Conference of the Parties (COP26) climate conference... 

A photo of President Cyril Ramaphosa
President Cyril Ramaphosa

Top-performing South African fund rides bet on energy stocks

By: Bloomberg     4th November 2021 South Africa’s top-performing equity fund has reaped the benefit of a wager that battered stocks, particularly in the energy sector, would flourish as economies rebounded from the worst of the pandemic. Blue Quadrant Capital Management’s Worldwide Flexible Prescient Fund has returned 125% this... 

Transport infrastructure key to African economic growth

By: Darren Parker     29th October 2021 Improved transport infrastructure in Africa would contribute significantly to unlocking the continent’s economic potential, says diversified chemicals group Omnia Holdings group CEO Seelan Gobalsamy. He says there is considerable agricultural potential in East Africa, which exports products... 

Just Share continues battle for Sasol to table shareholder-proposed resolution

By: Simone Liedtke     26th October 2021 Nonprofit shareholder activism organisation JustShare on October 26 said petrochemicals company Sasol had refused to table the sixth shareholder-proposed resolution filed with the company in five consecutive years. The organization said it believes Sasol’s refusal to table such resolutions seems... 

CSIR nears launch of 4IR Learning Factory to bolster local skills

By: Donna Slater     25th October 2021 The Council for Scientific and Industrial Research (CSIR), in partnership with the Manufacturing, Engineering and Related Services Sector Education Training Authority, has opened the doors of its newly developed Fourth Industrial Revolution (4IR) Learning Factory (LF), which is designed to help... 

CSIR nears launch of 4IR Learning Factory to bolster local skills

Aspen starts local manufacture of anaesthetics at flagship Gqeberha site 

By: Simone Liedtke     25th October 2021 Trade, Industry and Competition Minister Ebrahim Patel has officially opened multinational specialty pharmaceutical company Aspen’s general anaesthetics production line at its flagship manufacturing site in Gqeberha. This manufacturing capability will convert Aspen’s Gqeberha facility into one of... 

Pic of Aspen's SVP2 Facility in Port Elizabeth
Aspen's SVP2 Facility in Port Elizabeth

Aspen sells six South African medicines to Swedish company

By: Simone Liedtke     22nd October 2021 Swiss pharmaceutical company Acino and multinational pharmaceutical company Aspen Pharmacare and its subsidiaries have signed an agreement for Acino to acquire six South African medicines for more than R1.8-billion. The acquired medicines are used for the treatment of gastroenterology, erectile... 

PPE plan crucial to employee safety

22nd October 2021 Hi-tech protective clothing manufacturer Charnaud stresses that the safety of all employees depends on the creation and strict implementation of a personal protective equipment (PPE) plan. Elaborating on how to create a PPE management plan and put it into action, the company stresses that... 

A Charnaud stand at an event with Hazmat suits, Reflective clothing, corporate clothing, gloves, goggles and boots
ALL THE RANGE The range of Charnaud's PPE offerings should be incorporated into a company's PPE management plan

Sasol posts 44% jump in Q1 chemicals revenue

By: Reuters     21st October 2021 Sasol posted a 44% rise in first-quarter revenue in its main chemicals business on higher chemical and crude oil prices, it said on Thursday. Revenue from its chemicals business, which accounts for almost 60% of its turnover and profit, came in at $2.5-billion, driven largely by an average price... 

Omnia sells majority interest in noncore Umongo for R1bn

By: Schalk Burger     21st October 2021 JSE-listed chemicals company Omnia and Autumn Storm Investments will sell a majority interest in lubricants and oils supplier Umongo Petroleum to specialist chemical and food ingredients company Orkila South Africa for R1-billion Omnia, which acquired a 90% interest in Umongo in 2017, and Autumn... 

Ascendis' share price rises

By: Creamer Media Reporter      19th October 2021 JSE-listed Ascendis Health's share price rose by more than 23% on October 19. On the same day, the company issued an update on proposed plans to dispose of its Ascendis Pharma business segment. 

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