SA’s biggest medicine company is in meltdown - here's everything you need to know about the crisis at Aspen

by almost a third“That's equivalent to the whole of Massmart [owner of Makro and Game]. Or Pioneer Foods,” tweeted the trader Karin Richards. “Gone.”

In the past decade, it branched out from generic medicines and went on a massive international shopping spree - buying the rights to sell GlaxoSmithKline medicines, including treatments for epilepsy, thyroid disorders, herpes, heart failure, gout, Crohn’s disease and antibiotics.

And the problem is that most of the debt is in “hard” currencies like the euro - while the bulk of its sales are in emerging markets, which typically have weak and unstable currencies.

BISouthAfrica Their prices are exorbitant together with pharmaceutical companies.

BISouthAfrica Has the all of a sudden donning of scarfs have something to do with it?

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

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Aspen to split SA commercial pharmaceutical businessThe multinational drugmaker bids to strategically review its South African and European operations. I hope there will be more local ownership in the different entities Atleast there will be a job CREATIONS in these areas,well appreciated.
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MARKET WRAP: JSE’s three-week winning streak endsIt was a mixed day for corporate news with positive results from MMI, while Aspen and Tongaat both crashed 28%
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State nuclear company needs to be ‘reshaped’ amid crisis, MPs hearThe Nuclear Energy Corporation of SA made a loss over the past two years, with the IRP unlikely to include nuclear energy as a future requirement Please don't tell me the ANC have their numbskulls running our nuclear power plants too..
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