Companies / South Africa
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New Clicks Prospers In Rough Waters
November 2006 | Industry NewsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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South African pharmacy retail chain New Clicks has had a strong year with turnover hitting ZAR10bn (US$1.38bn) for the first times. However, BMI cautions the company faces a number of challenges in the New Year including higher interest rates, that could dampen consumer spending. Also, the government has finally released its new regulations on drug dispensing fees - which become effective on January 1 2007 - and as expected, have squeezed pharmacy margins.