Adds quote, element, context JOHANNESBURG, Nov 24 (Reuters)
Adds quote, element, context
JOHANNESBURG, Nov 24 (Reuters) – South Africa has taken a choice to make a 500 million rand ($33 million) cost to the COVID-19 vaccine distribution scheme co-led by the World Well being Group, the finance ministry stated on Tuesday.
“We’ve been invited to take part within the consortium that’s searching for this vaccine. … A choice has been made that South Africa is paying 500 million rand to take part within the means of the manufacturing of the vaccine,” Finance Minister Tito Mboweni instructed an financial convention on Africa.
Although Mboweni didn’t identify the scheme, a finance ministry spokeswoman confirmed to Reuters that the cost Mboweni referred to was for the COVAX vaccine distribution scheme, the principle WHO-organised partnership scheme for guaranteeing world vaccine entry.
South Africa has submitted a non-binding affirmation of its intent to take part within the COVAX Facility however is but to signal the formal dedication settlement on participating.
The nation has recorded probably the most coronavirus infections on the African continent, with greater than 760,000 confirmed instances to this point.
($1 = 15.3482 rand)
(Reporting by Alexander Profitable Enhancing by Tim Cocks)
(([email protected]; +27 10 346 1076))
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.