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Business, civil society weigh in on COVID-19 vaccine funding

The South African Chamber of Commerce stated the failed R200 billion and COVID-19 mortgage assure scheme must be repackaged to finance the vaccine rollout.

JOHANNESBURG – Business and civil society organisations weighed in on how the nation can increase money to fund the COVID-19 vaccination programme after Treasury’s admission that it’s but to establish sources for the billions of rands wanted.

The authorities stated it anticipated the supply of the vaccines in coming weeks to kickstart the primary part of inoculations on frontline staff.

The South African Chamber of Commerce stated the failed R200 billion and COVID-19 mortgage assure scheme must be repackaged to finance the vaccine rollout.

While it’s unclear whether or not banks could be keen to go this route as the foremost companions in the scheme, the chamber’s Mtho Xulu stated it was price exploring.

“This scheme should rather be restructured to unlock immediate funding for government on the back of the guarantee that Treasury has already offered on the scheme.”

This week, Treasury stated it might need to boost taxes to finance the vaccines amid warnings by economists that this might deepen the outlet in the pockets of a inhabitants that’s already overwhelmed by mass job losses and will increase in the price of dwelling – inevitably harming the struggling financial system even additional.

Speaking in Limpopo earlier, Health Minister Zweli Mkhize stated they have been counting days till the arrival of the vaccines.

“There is quite a lot of work that we’ve done in the preparation for vaccination and we will be starting our vaccination programme in February.”

Meanwhile, Mmusi Maimane’s One South Africa motion recommended that Treasury ought to impose a particular tax on politicians and senior authorities officers to contribute to the vaccines programme that’s estimated to price R20 billion.

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