Recent allegations that high-profile figures feigned illness to avoid appearing before the Madlanga Commission of Inquiry have placed fake medical certificates under renewed scrutiny. Labour experts warn that fraudulent sick notes are widely used by employees seeking time away from work without valid medical reasons. The practice adds to workplace absenteeism, reduces productivity and increases costs for employers. Online healthcare…
Tag: South African Business
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Adcock Ingram to Delist Amidst Corporate Changes
Adcock Ingram, the pharmaceutical giant behind household brands such as Panado and Corenza-C, could delist from the Johannesburg Stock Exchange (JSE). This follows a significant deal between its majority shareholder, Bidvest, and Indian drugmaker Natco Pharma. The news saw Adcock’s share price surge by 24%. Under the terms of the agreement, Indian-listed Natco Pharma will acquire a significant minority stake…
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The Ascendis Health Turnaround: From Debt to Profitability
Ascendis Health was once a darling of the JSE. It was listed in 2013. Its aggressive global plan nearly led to collapse, but now The Ascendis Health Turnaround is aiming to rectify past mistakes. Excessive debt fueled the company’s strategy. The plan to create a health giant faltered. Acquisitions lacked synergy, and offshore assets underperformed. The massive debt burden proved…