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SA businesses get behind the governmentâs vaccination plan By Siphelele Dludla Share JOHANNESBURG - THE SOUTH African business sector has thrown its weight behind the government s multibillion-rand programme to fund the acquisition of life-saving Covid-19 vaccines. Business for South Africa (B4SA) said yesterday that they believed the programme would cost around R12 billion, assuming an average uptake of 70 percent among the adult population. However, the Department of Health has estimated that the country s Covid-19 vaccine programme could cost up to R20bn. The government has communicated that the funding for the vaccination programme will be a combination of National Treasury budget allocations and medical scheme contributions. ....
Feb 05 2021, 5:07 PM February 04 2021, 9:02 PM February 05 2021, 5:07 PM (Bloomberg) South African revenue collections that are expected to overshoot budget estimates could take the pressure off the National Treasury to raise taxes to pay for the acquisition and rollout of coronavirus vaccines. (Bloomberg) South African revenue collections that are expected to overshoot budget estimates could take the pressure off the National Treasury to raise taxes to pay for the acquisition and rollout of coronavirus vaccines. Total tax revenue for the first nine months of the fiscal year is 875.7 billion rand ($58 billion), according to National Treasury data. While thatâs 10.6% lower than the same period in 2019-20, it compares with a 17.9% shortfall projected for the full year in Octoberâs medium-term budget policy statement. ....
Government does NOT need to increase taxes to pay for vaccines capetalk.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capetalk.co.za Daily Mail and Mail on Sunday newspapers.
Government does NOT need to increase taxes to fund vaccines - economist 4 February 2021 7:08 PM Share This: Budget revenue overrun of conservatively estimated R45.8 billion would fund SA rollout twice over, says Old Mutual s Johann Els. Governments around the world are grappling with the best way to deal with the Covid-19 pandemic. In South Africa, accessing and paying for vaccines is now at the top of the agenda. There s been plenty of speculation that government will resort to a solidarity tax, wealth tax or even a straightforward tax hike to cover the cost. But Johann Els (Chief Economist at Old Mutual Investment Group) maintains that tax hikes won t be necessary: ....
Breakfast with Refilwe Moloto Breakfast with Refilwe Moloto News, views, business, traffic and weather â everything you need to start your weekday is served on Breakfast with Refilwe Moloto between 6 am and 9 am. With Annzra Denita New Amsterdam (Netflix) After becoming the medical director of one of the United States s oldest public hospitals, Dr Max Godwin sets out to reform the institution s neglected and outdated facilities to treat the patients. Seaspiracy (Netflix) Passionate about ocean life, a filmmaker sets out to document the harm that humans do to marine species â and uncovers alarming global corruption. Ma Rainey s Black Bottom (Netflix) Tensions rise when trailblazing blues singer Ma Rainey and her band gather at a recording studio in Chicago in 1927. ....