Description

South Africa is a democratic republic with a stable political system. The economic environment is forecast to remain stable, with policy focus on employment creation through growth and stability. The healthcare industry faces daunting challenges, with severe infrastructure and skills shortages in the public sector. These shortages create market opportunities for the highly developed private sector to provide infrastructure and services through public private partnerships. Demand for generic pharmaceuticals and medical devices is driven by the high burden of disease. Opportunities exist in biotechnology and medical trials markets, driven by a need for inexpensive treatments and excellent private facilities.