Loading...

Davies: SA to spend R24bn on HIV drugs

Nov 18 2014 08:45

Port Elizabeth - South Africa plans to spend $2.2bn (R24bn) over two years to buy HIV/Aids drugs for public hospitals, Trade and Industry Minister Rob Davies said on Monday, as a study shows the prevalence of the virus is rising.

Speaking at a manufacturing plant of drugmaker Aspen Pharmacare, Davies said the government aims to buy three-quarters of the drugs from local manufacturers.

"We are on the cusp of a very important tender worth R24bn by the department of health that is for the procurement of anti-retrovirals for 2015," Davies told reporters at Aspen's factory in Port Elizabeth.

South Africa awarded a $667m two-year contract in 2012 to pharmaceutical firms including the country's biggest, Aspen, and US-based Abbott Laboratories.

Aspen, which won more about a third of that contract, would also be bidding this year and its chief executive Stephen Saad said his company was aiming for more than a 50% share.

South Africa has one of the world's heaviest HIV/Aids case loads and its biggest treatment programme. But despite government efforts to spread the treatment, medical charities warned last year that many clinics were running out of the life-saving drugs.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

rob davies  |  health  |  hiv/aids
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
7 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about: #BUDGET2018

The finance minister faces a tough task as he has to find ways for South Africa to plug a R50.8bn hole in the country's finances.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Should the finance minister boost the wealth tax for high-net-worth South Africans?

Previous results · Suggest a vote

Loading...