Creating an African Centre of Excellence
South African law defines a Public Private Partnership (PPP) as a contract between a public sector institution/municipality and a private party, in which the private party assumes substantial financial, technical and operational risk in the design, financing, building and operation of a project.
Biovac is one such example of a formal PPP that was established by the SA government and partnered with The Biovac Consortium with the aim of revitalising human vaccine manufacture. The need was borne by the absence of vaccine manufacturing capability in Southern Africa. Vaccines have long been associated as a key pillar in primary healthcare and therefore it was important that the region had the capability to respond to vaccine-preventable diseases.
The Biovac Consortium is led by the Litha Healthcare Group, a diverified health care company that is listed on the JSE.