In this episode of All Accounted For, hosts Sush and Bee discuss the recent court ruling that led South African pharmacy chain Clicks to sell its drug manufacturing division, unpacking the legal and business implications of this move.
They also profile Tintswalo Masia, the dynamic Deputy Business Unit Leader at the Auditor General of South Africa, exploring her journey and contributions to the audit sector. Lastly, the hosts provide a detailed breakdown of South Africa's pharmaceutical industry, analyzing key trends, market shifts, and the challenges facing local manufacturers. Don't miss this informative and timely episode as we dive into the following questions:
- What recent action did the National Consumer Commission (NCC) take regarding expired goods?
- What consumer rights and safety standards are outlined in South Africa’s Consumer Protection Act?
- How does the Consumer Protection Act affect retailers and their responsibility toward consumers?
- How are IFRS standards, such as revenue recognition, applied within the private healthcare industry?
- How does financial modeling, including activity-based costing, aid hospitals in profitability and operational analysis?
- What are the corporate tax considerations specific to the private healthcare sector, including VAT exemptions and capital gains?