• Contact Us
  • About Us
Tuesday, June 24, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

S/A Accuses Vaccine Manufacturers Of Unreasonable Terms, Says Downpayments To J&J, Pfizer Not Refundable

metro by metro
April 14, 2021
in News
0
0
SHARES
0
VIEWS

Read Also

Amid Foggy Circumstances, Trump Says Israel, Iran Agree On Ceasefire Deal

Obasanjo, Other Eminent Nigerians Honour Pastor Sylvester Ebhodaghe At 50

APC Plots To Capture Kano, May Replace Shetima With Kwankwaso As Tinubu’s Running Mate For 2027

South Africa is facing delays to coronavirus-vaccine supplies because of “unreasonable terms” being demanded by manufacturers, Health Minister Zweli Mkhize said.

According to Bloomberg, the government has been notified by Johnson & Johnson that the company won’t sign off on the supply of 20 million doses until it receives a letter from the South African government supporting its investment in a domestic company, Mkhize told lawmakers Wednesday.

“We have been taken aback by this as there are clauses in the agreement that express this support,” he said. “I mention this to demonstrate to members some of the difficult and sometimes unreasonable terms and preconditions that we have had to navigate through.”
More worrisome, according to Reuters is the fact that government’s downpayments to Johnson & Johnson (J&J) and Pfizer for the vaccines are not refundable under any circumstances, a situation Mkhize described Wednesday as onerous condition.

 Mkhize made the comments a day after the government suspended the rollout of J&J’s vaccine, citing a recommendation by U.S. federal health agencies to pause its use because of rare cases of blood clots.
The suspension is the latest setback for South Africa’s efforts to immunise its population.

It ditched plans to kick-start vaccinations with AstraZeneca’s vaccine in February because a small trial showed the shot offered minimal protection against mild to moderate illness from the dominant local coronavirus variant.

Mkhize told a virtual meeting with a parliamentary committee that Africa’s most industrialised economy had to navigate “difficult and sometimes unreasonable” demands from vaccine manufacturers during negotiations.

“As government we have found ourselves in a precarious position of having to choose between saving our citizens’ lives and risking putting the country’s assets into private companies’ hands,” he said. South Africa is paying $10 per dose for the J&J and Pfizer vaccines, he added.

Previous Post

S/A Regulator To Discuss J&J Shot After U.S. Pause, Nigerians Anxious 

Next Post

Analysts Predict Further Rise In Inflation, Harder Times Continue, CBN May Resume Policy Tightening

Related Posts

Amid Foggy Circumstances, Trump Says Israel, Iran Agree On Ceasefire Deal
News

Amid Foggy Circumstances, Trump Says Israel, Iran Agree On Ceasefire Deal

June 24, 2025
Obasanjo, Other Eminent Nigerians Honour Pastor Sylvester Ebhodaghe At 50
News

Obasanjo, Other Eminent Nigerians Honour Pastor Sylvester Ebhodaghe At 50

June 23, 2025
APC Plots To Capture Kano, May Replace Shetima With Kwankwaso As Tinubu’s Running Mate For 2027
News

APC Plots To Capture Kano, May Replace Shetima With Kwankwaso As Tinubu’s Running Mate For 2027

June 22, 2025
Trump Sworn In A Second Time, Says He Was ‘Saved By God’ To Rescue America
News

JD Vance Says US At War With Iran’s Nuclear Program, Not Iran

June 22, 2025
Next Post

Analysts Predict Further Rise In Inflation, Harder Times Continue, CBN May Resume Policy Tightening

SEC’s Directive Barring INEDs From Executive Role, Others, Unsettles Markets

SEC’s Directive Barring INEDs From Executive Role, Others, Unsettles Markets

June 24, 2025
Amid Foggy Circumstances, Trump Says Israel, Iran Agree On Ceasefire Deal

Amid Foggy Circumstances, Trump Says Israel, Iran Agree On Ceasefire Deal

June 24, 2025
Strait Of Hormuz: Key Waterway Under Pressure Between Iran, Israel

Strait Of Hormuz: Key Waterway Under Pressure Between Iran, Israel

June 23, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version