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Treasury Confirms it will Fund Most of the Vaccine, alongside the Private Sector

SOUTH AFRICA
  • Treasury confirms it will pay for the majority of the population to receive vaccinations, with the help of the private sector.
  • Health experts estimate ZAR 12bn-20bn will need to be raised to fund the rollout
  • private sector will cover ZAR7.1bn through medical schemes
  • initial delay in funding the R327m deposit to the solidariry fund was due to the Treasury wanting to raise the money first to not tamper with the October budget framework
  • target remains to vaccinate 40m people by end-2021
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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