Advice You - Business

A recent survey by The Economist Intelligence Unit ranked South Africa as highly cost effective (10th out of 31 countries surveyed).

South Africa's exchange rate makes it one of the least expensive countries in which to do business - parti

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

cularly one with a first-world infrastructure and high living standards. Even though stronger local currency has strengthened against other major currencies in recent years, the rand exchange rate still makes commercial and residential prop

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

rty, quality hotels and restaurants inexpensive by world standards.

South Africa's energy costs are also among the lowest in the world. Eskom supplies most of Africa with electricity, and is known for its superior supply quality. The count

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

y also compares favourably for petroleum prices, with private sector and multinational oil companies refining and marketing nearly all imported petroleum products in southern Africa.

The licensing of a second fixed-line operator is expecte

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

d to bring down the cost of telecommunications in South Africa. The new operator is due to begin operating by the end of 2006, giving state company Telkom its first taste of real competition.

South Africa's unit labour costs are significan

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ly lower than those of other key emerging markets, including Mexico, Hungary, Malaysia and Singapore. In addition, recent years have seen a surge in the country's labour productivity. South Africa has a comprehensive labour legislation in p

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

ace, facilitating labour relations and contributing to a marked decline in the number of man-days lost due to industrial action since 1994.

South Africa's corporate tax rate - down to 29% for 2005/06 - compares favourably against a number

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

of developing companies, and the prospects of further reductions are good.

Ease of doing business in South Africa:

South Africa is among the top 30 countries in the world for ease of doing business, according to a 2005 World Bank report.

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

he finding suggests that South Africa is making progress in creating an environment conducive to investment, which the government has identified as key to achieving a 6% growth rate.

The survey ranked 155 countries according to the number

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

f procedures, time and costs involved in: starting a business; dealing with licences; hiring and firing workers; registering property; getting credit; protection for investors; paying taxes; trading across borders; enforcing contracts; and

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

losing a business.

South Africa ranked 28th, ahead Spain (ranked at 30), Austria (32), France (44), Russia (79), China (91) and Brazil (119). Overall, SA had the highest ease-of-business ranking on the African continent.

Industrial capabi

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

lity, cutting-edge technology:

South Africa's industrial production growth is well above the average for developing markets.

The country's manufacturing output is becoming increasingly technology-intensive, with high-tech manufacturing se

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

tors - such as machinery, scientific equipment and motor vehicles - enjoying a growing share of total manufacturing output since 1994.

SA's technological research and quality standards are world-renowned. The country has developed a number

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

of leading technologies, particularly in the fields of energy and fuels, steel production, deep-level mining, telecommunications and information technology.

Competitiveness:

A number of industrial support measures have been introduced sin

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

ce 1994 to enhance the competitiveness of South Africa's industrial base. These include placing more emphasis on supply-side than demand-side measures (such as tariffs and expensive export support programmes).

The government has provided i

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

centives for value-added manufacturing projects, support for industrial innovation, improved access to finance, and an enabling environment for small, medium and micro enterprise (SMME) development.

Industrial development zones have been e

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

tablished in close proximity to major ports and airports, offering world-class infrastructure, dedicated customs support and reduced taxation.

South Africa has a well-developed and regulated competition regime based on best international p

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

ractice. The Competition Act of 1998 fundamentally reformed the country's competition legislation, strengthening the powers of the competition authorities along the lines of the European Union, US and Canadian models.

The law places variou

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

prohibitions on anti-competitive conduct, restrictive practices (such as price fixing, predatory pricing and collusive tendering) and "abuses" by "dominant" firms (firms with a market share of 35% or more).

Authorities have been appointed

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

to monitor implementation and adherence to the law, and regulators have been assigned to oversee natural monopolies and promote universal access to utilities.

I incorporating material from the South African Department of Trade and Industry

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Safety signs describe a specific object, activity, or situation to be avoided. They usually provide information or instructions about safety at work by means of a signboard. They may be expressed in various ways. Colors, illumination, and sound may be used. These safety signs depend on placement. Prohibition sign generally means a sign, which does not allow a peculiar type of behavior, which is likely to cause damage, or is dangerous.

As patients and medical billing companies, we complain a lot about insurance companies. Hopefully, this installment will give us a bit of perspective of how hard it really is for insurance companies.

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