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SA-born billionaire, Patrick Soon-Shiong, gifts R3bn to SA vaccine works SA-born billionaire Patrick Soon-Shiong has committed R3 bn rand to South Africa, to assist the country’s capabilities to produce the Covid-19 vaccine locally. The LA Times owner told the World Health Organisation that South Africa has “the science, the human capital and the capacity and the desire” to do so. The 68-year old surgeon has said that he plans to work with other African countries to empower the development of second generation vaccine capabilities. Born in what was then known as Port Elizabeth (now Gqeb...

Undoubtedly, the Covid-19 pandemic and resultant lockdowns crippled the South African economy. For months, various sectors battled to stay alive due to various restrictions. Even now, the tourism and alcohol industry – to name a few – are still trying to bounce back from last year. But, as Mike Schussler writes below, the South African economy was in a spot of bother even prior to the Covid-19 pandemic. While he says that the country should see some bounce back, the economy is in deep trouble. – Jarryd Neves By Elize Kruger and Mike Schussler for Brenthurst Wealth GDP is either produced...