Picture: 123RF/SERGEY CHAYKO
Picture: 123RF/SERGEY CHAYKO

SA’s biggest businesses said they are “seriously considering” a request by the government to help fund the acquisition of Covid-19 vaccines as the disease curbs activity in the continent’s most-industrialised economy.

The government has come under increasing pressure from  unions, health leaders and opposition parties for its failure to secure any agreements with pharmaceutical companies even as at least 29 other countries begin to inoculate their populations. SA expects to start getting shots for about 10% of its population only in the second quarter. That deal has been arranged through the Covax initiative, which is designed to ensure poorer countries can secure access.

“Business will fully support a vaccine strategy led by the government, and particularly the department of health and the  Treasury, which is transparent, credible, with integrity and clearly defined and properly co-ordinated responsibilities and accountability,” Martin Kingston, vice-president of Business Unity SA, the country’s biggest business grouping, said in an interview on Monday.

SA, with 1.1-million confirmed Covid-19 infections and about 30,000 deaths, is the worst-hit country on the African continent by the virus. It hasn’t secured a supply agreement with drug companies even though four vaccine trials are taking place in the nation. Talks are being held with manufacturers including Pfizer  and BioNTech, Johnson & Johnson and AstraZeneca, the presidency said on Sunday.

While health minister Zweli Mkhize said on Sunday that the country plans to immunise two-thirds of the population, or about 40-million people, he did not give details of the government’s funding plans. He did say assistance was being sought from business, including medical-insurance companies.

The deposit for the Covax agreement was paid by the Solidarity Fund, a charity that some of the country’s richest people and biggest companies have contributed to, after the government failed to meet payment deadlines it had announced itself.

“Business has also been engaged, particularly through Business Unity SA, and therefore the total financing arrangement will include medical schemes, business and government with an arrangement made with the Solidarity Fund to provide a platform for collection of funds and for expedited and controlled procurement processes,” Mkhize said.

Bloomberg

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