It's similar to requirements for other sectors.
After regulators in the financial services and property sector this year announced plans to require African Health broadbased black economic empowerment (B-BBEE) compliance as a prerequisite for licences, government has now turned its attention to health care.
The South Products Regulatory Authority (Sahpra), which regulates health products - including manufacturers, wholesalers and distributors has published a new policy that makes it mandatory for applicants to submit BEE certificates when applying for a licence.
Once this is in place (phase one of the policy), Sahpra will refuse the issuing and/or renewal of licences unless certain BEE levels are reached (phase two).
The authority's draft policy was published last year. Sahpra has circulated a revised policy and requested submissions from stakeholders before 9 September.
If approved in its current form, the policy will prohibit the supply of health products and medical equipment, including medicines, by players who do not meet B-BBEE requirements.
This story is from the July 15, 2024 edition of The Citizen.
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This story is from the July 15, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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