SA’s vaccine compensation fund could cost R250m in first year – Minister Zweli Mkhize

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The government’s compensation fund to cover potential injuries from Covid-19 vaccines could cost around R250 million in the first year, the health minister said in response to questions in Parliament.

The African country hardest-hit by the coronavirus pandemic in terms of infections and deaths told vaccine manufacturers Johnson & Johnson and Pfizer it would set up the fund during negotiations to buy shots. A contingent liability of approximately R250 million for the first year would be provided for compensation of vaccine injury in a Covid-19 Vaccine NFC (no-fault compensation) Fund,” Health Minister Zweli Mkhize said in written replies to a lawmaker.

Zweli Mkhize

Mkhize said the potential cost was based on an estimate of between 800 and 2 000 successful claims and included the administrative costs of the fund. He said a committee of experts would develop a vaccine injury table to assess compensation applications.

The minister said last week that the government had agreed to fully indemnify J&J and Pfizer against third-party claims and that vaccine manufacturers had made “difficult and sometimes unreasonable” demands during negotiations including non-refundable down payment. A J&J spokeswoman said on Monday that the company was still in talks with the government and was committed to making its vaccine available at a not-for-profit price.

Pfizer did not immediately respond to a request for comment on Monday but told Reuters last week it sought indemnity and liability protections in all its agreements, consistent with local laws.

J&J and Pfizer will supply South Africa with a combined 61 million vaccine doses, helping to ramp up immunisations after a slow start. In the 2021 budget presented in February, the government said it could spend up to R19.3 billion over three fiscal years on its vaccination programme.

In other news -Alleged real age of actress Thembi Seete who looks 22 years old exposed

The name Thembi has been trending all morning and one of the reason’s she’s right up there is because Kamo_Marven tweeted that the star is actually in her 60s now.

Thembi Seete

This shocked many tweeps who ended up exposing Marven. The actress is actually 44 years old. She celebrated her birthday on March 25, 2021. Learn more

Source: IOL

The post SA’s vaccine compensation fund could cost R250m in first year – Minister Zweli Mkhize appeared first on News365.co.za.

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