South African billionaire Stephen Saad has been announced as the winner of the Entrepreneur of the Year Award at the All Africa Business Leaders Awards.
The All Africa Business Leaders Awards (AABLA) hosted in partnership with CNBC Africa and Forbes Africa honour remarkable leadership and salute game changers of business on the continent for their continuing commitment to excellence, developing best practices and innovative strategies.
As founder of Aspen Pharmacare, Stephen Saad runs the continent’s largest pharmaceuticals maker and has now been crowned as Entrepreneur of the Year.
“You work at something and you build something together with the team and seldom have time to look back. To be recognized for it in this way is wonderful and particularly so for Aspen.”
“We are a company with roots in South Africa and manufacturing in South Africa. We’ve grown our local talent to become a world player and Aspen is just a wonderful South African story.” Stephen Saad said at the awards.
Saad, who is the founder of Aspen Pharmacare, Africa’s largest pharmaceuticals company, said that one of the biggest challenges he has faced recently was breaking into the generics market.
“Aspen competes with multinationals – we started a domestic company and have gone offshore to become a global company manufacturing in South Africa for domestic and export markets,” Saad said.
“Going forward we will continue to look for strategic partners. We have completed a number of significant transactions and Aspen has built a really strong foundation now. Our aspiration in the short term is to build on that base and to double our size.”
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