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South African Firms to Help Fund, Facilitate Vaccine Rollout

  • Business in talks with government to define essential workers
  • South Africa vaccine program could cost about 12 billion rand
Updated on

South Africa’s biggest companies are in talks with government to help finance and facilitate the rollout of coronavirus vaccines in a program they estimate will cost 12 billion rand ($802 million), an alliance of the country’s largest business organizations said.

Plans are being drafted to help with logistics and funding and talks are being held with the National Treasury and Department of Health to surmount any obstacles and bring “private-sector finance to the party,” said Martin Kingston, chairman of the steering committee at B4SA, or Business For South Africa, said in a briefing Wednesday.