Today’s business update – and new details about SA's vaccine roll-out
From Business Insider South Africa:
After R400,000 in bills, a family’s medical aid was cancelled – now a court says the scheme must pay
1. A flight carrying the first batch of one million Covid-19 vaccines will arrive at OR Tambo International Airport on Monday, government confirmed during a briefing last night. Healthcare workers will get the first vaccines, with the Western Cape planning to start vaccinations as early as 8 February.
2. Meanwhile, Treasury is considering a combination of options – including taxes – to fund vaccines, Director-General Dondo Mogajane said. Treasury is engaging directly with vaccine manufacturers, cutting out middlemen to reduce the risk of corruption. The cost of vaccinating about 40 million South Africans is estimated at between R20 billion and R24 billion.
3. A tough day ahead for the JSE after Wall Street indices slumped by more than 2% overnight. US central bank left rates unchanged at between zero and 0.25%, issuing a downbeat statement on the US economy. The rand was last trading at R15.29/$.
4. Steinhoff’s share price exploded yesterday, ending the day 30% higher after its European retailer Pepco reported strong sales for the quarter to end-December. Pepco owns the Poundland stores in the UK and Dealz outlets in Ireland, Spain and Poland.
Graph of the day:
Tweet of the day:
Not since that fateful day in 2013, has the country been so invested in the arrival of a plane from India ????.— Khaya Sithole (@CoruscaKhaya) January 27, 2021
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