Government Invests R500 Million on COVID-19 Vaccine
Written by Mfundo on 24 November, 2020
By: Zilungile Mkhize
Finance Minister Tito Mboweni has confirmed that government will invest R500 million to secure its place for the first few countries that will receive the Covid-19 vaccine when it is found.
Several companies around the world are rushing to development an effective Covid-19 vaccine.
Thousands have died in the country since the first coronavirus case was confirmed in March.
Speaking during a Bloomberg webinar, Mboweni says he is worried about the effect of a second surge on the economy but feels confident that South Africa is well placed to benefit from a successful vaccine.
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