November 30, 2009
Imuniti announces unhealthy R6.1m loss
Imuniti's turnaround strategy is yet to yield positive results. The struggling AltX-listed pharmaceutical and wellness firm suffered another loss in the half-year to August.
Posted by StaffWriter at 10:07 AM
November 29, 2009
Adcock swallows medicine to cure BEE headache
The pharmaceutical sector was in great health this week after Adcock Ingram concluded its black economic empowerment deal.
Posted by StaffWriter at 8:52 AM
November 23, 2009
BEE deal the right medicine - Adcock
South Africa's second largest pharmaceutical company, Adcock Ingram, is to facilitate an effective acquisition of 13% of its issued share capital by black South African employees and broad-based black economic empowerment groupings.
Posted by StaffWriter at 10:55 AM
October 12, 2009
Drug multinationals deny evading BEE law
The multinational pharmaceutical industry has denied claims that companies would sometimes use imports as an excuse not to comply with black economic empowerment (BEE) legislation.
Posted by StaffWriter at 10:08 AM
July 22, 2009
Adcock cuts down potential empowerment partners to 10
ADCOCK Ingram had whittled down the number of potential black economic empowerment (BEE) partners to 10 from the list of 188 applications it received in March, when it first called for expression of interest, spokesman Mike Mabasa said yesterday.
Posted by StaffWriter at 9:59 AM
March 10, 2009
Adcock Ingram aims to complete BEE deal by June
Adcock Ingram, the second biggest pharmaceutical group in the country, was working on completing its broad-based black economic empowerment (BEE) deal within three months, company spokesman Mike Mabasa said yesterday.
Posted by StaffWriter at 8:04 AM
March 6, 2009
Court orders BEE firm to return Imuniti shares
The black empowerment consortium that held a stake in Imuniti Holdings has been ordered by the Durban High Court to return the shares to the founding members of the AltX-listed pharmaceutical and nutritional food firm.
Posted by StaffWriter at 7:13 AM
March 21, 2008
Chemicals company strives towards further transformation, growth
Multinational pharmaceuticals and chemicals supplier Merck Chemicals has achieved a level-five ranking on its broad-based black economic-empowerment (BBBEE) scorecard according to the generic scorecard and codes of good practice. This is one level up from its previous ranking.Posted by StaffWriter at 7:21 AM
February 19, 2008
Imuniti BEE partners fight back
The empowerment partners of Imuniti Holdings, who have been accused of not delivering on their undertakings, have come out fighting and said they would be holding on to their 34 percent stake.Posted by StaffWriter at 10:33 AM
February 14, 2008
Political strings unravel in BEE deal gone sour
A black economic empowerment (BEE) deal done purely on the strength of the political connections of the empowerment consortium members has backfired on Imuniti Holdings, and now the pharmaceuticals and nutritional food company could soon be looking for a new empowerment partner.Posted by StaffWriter at 7:18 AM
Political strings unravel in BEE deal gone sour
A black economic empowerment (BEE) deal done purely on the strength of the political connections of the empowerment consortium members has backfired on Imuniti Holdings, and now the pharmaceuticals and nutritional food company could soon be looking for a new empowerment partner.Posted by StaffWriter at 7:06 AM
January 11, 2008
Fired BEE partners silent
Imuniti, the Altx-listed pharmaceutical and natural products company, confirmed it had cancelled a contract entitling its empowerment partners to 255 million shares, a third of the firm's total issued share capital.
Posted by StaffWriter at 8:41 AM
January 9, 2008
Drug firm 'fires' BEE partner
In a move probably unprecedented in South Africa, AltX-listed pharmaceutical and natural products company Imuniti has "fired" its empowerment shareholders.
Posted by StaffWriter at 9:06 AM
September 27, 2005
Enaleni brings BEE tonic to drugs sector
EMPOWERMENT company Enaleni Pharmaceuticals has launched a bid to acquire rivals Cipla Medpro Holdings and two smaller companies, Specpharm and the Westbury group, in a R1,2bn deal that could see it graduating from its AltX listing to the JSE main board...
Posted by bernievn at 3:00 PM
July 22, 2005
NEF plugs into chemist sector
The National Empowerment Fund Trust (NEF) has ventured into the pharmaceuticals sector for the first time, investing a total of R5m into Durban-based Enaleni
Posted by bernievn at 2:47 PM