Flash Briefing: SA born biotech billionaire injects billions into WC vaccine production; Facebook bosses to appear in SA
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* South African-American biotech billionaire Patrick Soon-Shiong has committed an initial R3 billion to help build out South Africa’s capabilities to produce COVID-19 vaccines.
* South Africa’s Department of Health said that while Covid-19 infections climbed 46% in the last week the country has not yet reached a “resurgence threshold.”
* The South African Medical Research Council has produced a report into excess deaths over the past year suggests more than 133,000 people in the country have died from Covid-19.
* Absa expects a 10-fold profit jump for the six months to June 30, it said on Thursday, citing cost controls and reduced bad debts.
* South Africa’s biggest food producer Tiger Brands said on Thursday it expects its half-year profits to rise by up to 55% versus a year earlier.
* Facebook has been called to appear before South Africa’s Parliament this month to explain what it is doing about “harmful misinformation” spreading on its platform, marking the first time the social media giant has appeared before lawmakers in Africa, reports Forbes. Learn more about your ad choices. Visit megaphone.fm/adchoices
* South Africa’s Department of Health said that while Covid-19 infections climbed 46% in the last week the country has not yet reached a “resurgence threshold.”
* The South African Medical Research Council has produced a report into excess deaths over the past year suggests more than 133,000 people in the country have died from Covid-19.
* Absa expects a 10-fold profit jump for the six months to June 30, it said on Thursday, citing cost controls and reduced bad debts.
* South Africa’s biggest food producer Tiger Brands said on Thursday it expects its half-year profits to rise by up to 55% versus a year earlier.
* Facebook has been called to appear before South Africa’s Parliament this month to explain what it is doing about “harmful misinformation” spreading on its platform, marking the first time the social media giant has appeared before lawmakers in Africa, reports Forbes. Learn more about your ad choices. Visit megaphone.fm/adchoices
