News driving the markets: J&J vaccine rollout halted, Eskom receives R15 billion, and more

 News driving the markets: J&J vaccine rollout halted, Eskom receives R15 billion, and more

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J&J Vaccine rollout temporarily halted

Following reports that the US’ health agencies have suspended the rollout of the Johnson & Johnson Covid-19 vaccine, South Africa has subsequently halted the vaccine rollout as well, as a precaution. Health Minister Zweli Mkhize said that there are hopes that deliberations and investigations will only take a few days. This follows the occurrence of six women who were found to have blood clotting effects following receipt of the Johnson & Johnson vaccine, according to the US Centre for Disease Control and Prevention and Food and Drug Administration.

As of April 12, there were over 6.8 million doses of the vaccine that have been administered in the United States, with more than 289 000 people who received the vaccine in South Africa, with no blood clotting effects having been recorded as result of the vaccine. The minister claimed that, thus far, there is no reason to believe that the Johnson & Johnson vaccine will be halted or discontinued permanently. He expressed his firm believe that the investigation will be cleared up in a few days.

$1bn Brics Bank loan secured by South Africa to aid economic growth

A $1 billion emergency loan has been approved by the New Development Bank (NDB) to help South African government contain the economic impact that has been caused by the Covid-19 pandemic. These funds will be used to finance the creation of employment opportunities, especially under the Presidential Employment Stimulus programme, designed to create as well as support nearly 700 000 jobs in the public sector.

Eskom receives a R15 billion loan facility

Eskom has sold two of its buildings located in Kimberley and Johannesburg to the Human Settlements Department, raising R76.1 million in the sale. The power utility is further planning to raise over R2 billion by selling non-core property. These funds will go towards alleviating pressure that is put on university student accommodation in addition to assisting in social housing in these areas.

Twitter to recruit Ghanaian residents

Twitter has announced that eleven people from Ghana will join the tech giant’s team, making them the first hires from the African continent, securing plans to eventually open an office in the country. Twitter has joined other tech companies, including Facebook, which are moving into Africa. The positions that were advertised were for positions in engineering, marketing, and communication specialists.

Liezel Thorne

Liezel is a content writer with a passion for writing about the financial industry and corresponding markets. Her favorite topics include Forex, Stocks and Indices, Cryptocurrencies, and anything relating to trading technology – news, newest and latest tips, tricks, and trends. She has done extensive reviews on brokers, trading platforms (web, desktop, and mobile), and various other concepts involved with trading. As a student of Environmental management, she has a keen interest in geography, environmentalism as well as conservation of both fauna and flora.

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