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SA Receives R10bln Jab Funding Amid Fastest Daily Rise in Cases Since January

SOUTH AFRICA
  • Wednesday's rise in COVID cases was the sharpest daily increase since early January, with South Africa reporting 19,506 new infections. 125,970 vaccines were delivered over the same time period.
  • The World Bank, France, Germany and the US have funded SA's Aspen Pharmacare to the tune of ZAR10bln to boost vaccine production. The production will focus on the single-shot Johnson & Johnson jab for distribution across South Africa and the continent.
  • South Africa's water infrastructure requires a further ZAR120bln in funds to ensure water security over the next decade, according to the water and sanitation minister, with deteriorating water quality and pre-existing water scarcity expected to become a greater issue the longer investment is delayed.
  • Following ex-President Zuma's sentencing earlier in the week, his legal team has argued that the ruling against him is unconstitutional and they are examining their options.
  • Today, the SA Health Products Regulatory Authority is holding a briefing on vaccine registration, likely in an attempt to boost registration to combat the looming third wave of infections.
  • Beleaguered utility Eskom requires a further $10bln in order to close most of its coal-fired plants by the year 2050, according to a company spokesman. Eskom is already in talks with a number of development finance institutions in an effort to raise the cash.
  • Today focus turns to ABSA Manufacturing PMI, expected at 56.5 from 57.8. Electricity production data also crosses.
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