Constitutional Court ruling raises the prospect Clicks must sell off its subsidiary Unicorn Pharmaceuticals, hitting its bottom line
Independent pharmacies have won their seven-year battle against JSE-listed health and beauty retailer Clicks over its ownership of both pharmacies and a drug manufacturer, after the Constitutional Court ruled the company had contravened regulations to the Pharmacy Act.
The 5-4 majority judgment creates an immediate headache for Clicks, as it reinstates a previous high court ruling instructing the health department to determine how to sanction the company and raises the prospect that it may need to sell off its pharmaceutical manufacturing subsidiary Unicorn Pharmaceuticals. While Unicorn is not a material contributor to Clicks Group’s operations, divestiture could affect its profit margins...
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zackie Achmat to stand as independent for 2024 presidential race - SABC NewsActivist and co-founder of the Treatment Action Campaign (TAC) Zackie Achmat has launched his campaign to stand for parliament in next year’s elections.
Read more »
Read the Sunday Times e-editionThe Sunday Times is full of breaking news you cannot afford to ignore.
Read more »
Read the Sunday Times e-editionThe Sunday Times is full of breaking news you cannot afford to ignore.
Read more »
Thabo Bester | Call for independent investigationSonke Gender Justice is calling for an independent investigation into the Thabo Bester saga.
Read more »