The South African rand experienced a significant drop to a 2023 low of 18.636 local currency units per dollar on 7 March, just weeks after reaching its strongest exchange rate versus the US dollar. The depreciation of the rand has resulted in downward pressures on asset values and company valuations, which could potentially threaten the
The agreement will see Aspen, Saudi Chemical Company Holding and AJA Pharma further expand their existing partnership to strategically collaborate on an extended portfolio of products, the manufacturing of products in Saudi Arabia and the export of products to existing Aspen markets.