A Pharmacy is a shop or hospital dispensary where medicinal drugs are prepared or sold.
Below is How To Own A Pharmacy In South Africa
Any person desiring to own a pharmacy in terms of section 22A of the Act must submit an application form to the Director-General, and comply with the Pharmacy Act, 53 of 1974, and its Regulations: Section 22 and 22A of the Pharmacy Act, 53 of 1974. Regulations relating to the ownership and licensing of pharmacies.
Steps before Starting Medicine Business:
Apply to the Council for a license to act as a wholesaler or distribute medicines, Scheduled substances, or medical devices.
Appointment of a pharmacist who will control the distribution of medicines and related substances
Appointment of an authorized person who resides in the Republic and is responsible for all activity related to licensing procedure and interaction with council
Procedure for applying for Medicines Distribution License:
The applicant has to submit an application to the registrar on a prescribed form provided by the council
Registrar will issue a written notice to the applicant regarding documents to be submitted to council for granting license to distribute medicine and related substances in a reasonable time.
Council will inspect the business premises specified in the application
If the council is satisfied with all requirements and arrangements, the council will issue a license to an applicant for the distribution of medicines and related substances.
Documents Required:
Documents related to Business Ownership
Registration of the responsible Pharmacist
Qualification certificates of staff responsible to distribute and sell medicines and related substances
Copy of Local Area Plan of the location of the Business
Floor plan of the building in which business is situated
Blueprint of Building and Premises
Site Master File indicating procedures and practices to be implemented to ensure the safety, efficacy, and quality of medicines and related substances
List of medicines and related substances to be distributed
Application and Inspection Fee Receipt
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How much will it cost to open a pharmacy in South Africa?
5m. Initial franchise fee: R 200 000. Initial Working Capital: R 200 000. Minimum owner’s contribution: R 250 000.
Can a nonpharmacist own a pharmacy in South Africa?
In 2003, the Pharmacy Act, 53 of 1974, and in particular Section 22, was amended to allow non-pharmacist to own pharmacies in South Africa.