News update: SA fumbled with key opportunities to secure Covid-19 vaccine doses, and more

 News update: SA fumbled with key opportunities to secure Covid-19 vaccine doses, and more

News update.

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SA fumbled with key opportunities to secure Covid-19 vaccine doses

In an analysis and examination of timeline of events, it has become apparent that South Africa lost out on numerous key opportunities to secure vaccines to combat Covid-19. By the time that health officials had started making effort to procure vaccines, numerous other countries had already secured substantial number of deals with a variety of suppliers. The Health Department has, on countless times, denied allegations of delays in procuring vaccine doses but there has not been any evidence proving they had engaged with vaccine makers earlier than September 2020.

Despite claims that the Health Department had been in talks with pharmaceutical companies for six months, government only started confirming deals with vaccine manufactures in January, after facing severe criticism. Government has only provided reassurances in the past, without concrete details or evidence, and has either evaded or ignored questions, or spoken in vague, contradictory and potentially misleading terms. As a result of this, after having missed payment deadlines, repeated refusals to provide detail or clarity regarding discussions with Covid-19 vaccine makers, South Africa is still to announce the arrival of vaccine doses on its shores.

Jayendra Naidoo resigns from Pepkor board as result of Steinhoff claim

Jayendra Naidoo, former Pepkor chairperson as well as the man who convinced the Public Investment Corporation to provide him with billions of rand to buy into Steinhoff, has resigned from the retailer’s board. Lancaster, Naidoo’s investment company, purchased a 3% BEE stake in Steinhoff, which was reduced to nearly nothing following the embattled share price of the group having gone over accounting irregularities.

In his letter of resignation, Naidoo stated that the reason for his resignation was associated with the litigation between himself and Steinhoff and that he, as the majority shareholder in Pepkor, has made his role as a board member untenable.

Chris Louw

https://sashares.co.za/

Featured Financial Writer for SA Shares - Read more about Chris's Bio -

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