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Nerves Rattled as Covid Cases Breach 20k; 67% Vaccination to Cost ZAR 20.6bn

SOUTH AFRICA
  • Covid cases see a substantial pick-up yesterday, despite many regions seeing early signs of peaking.
  • Cases notched from 12,600 to 21,832 & 840 deaths, raising concerns of tighter restrictions and 1Q21 growth impacts.
  • Economic council has shown little appetite for a move to level 5 on 15 Feb, but may be forced into circuit breakers in key hotspots if cases move towards 30k/day.
  • Current info from Govt Spox says Ramaphosa will not amend restrictions until 15 Jan, but there is a possibility this may change as there has been lots of conflicting information.
  • SA says it will purchase vaccines from multiple producers
  • setting up a vaccine coordinating committee & private health coordinating forum.
  • Cost est at R20.6bn to vaccinate 67% of population
  • ANC is expected to postpone 20 regional elective conferences scheduled for 1Q21 on Friday ahead of local govt elections in Nov this year.
  • Branch meetings central to electing conference delegates & candidates will not be able to take place thus far - MG
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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