South African generic drug maker Aspen Pharmacare will buy GlaxoSmithKline’s (GSK) blood-clotting thrombosis drug brands and its manufacturing factory for US$1.13bn
Business
Parker Hannifin and BMG sign sub-Saharan Africa distribution partnership
Parker Hannifin Corporation has signed a strategic partnership agreement with Bearing Man Group (BMG), as part of a deal to increase the availability of products and customer support for both companies throughout South Africa and the wider sub-Saharan African region
Sanofi to invest US$95 million in new Algeria project
Sanofi has outlined plans to invest US$95mn to build a third plant in Algeria which is also expected to be its largest in the African continent
South Africa’s Penumbra mine to see increase in production
Continental Coal has plans to increase production capacity at its Penumbra mine in South Africa to 63,000 tonnes per month by November 2013
British American Tobacco certified as outstanding employer again
Multinational tobacco group, British American Tobacco, has been named as top employer in Africa for 2014