OPINIONISTA: Covid and South Africa: What we’ve learnt so far about vaccines and the economy

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Since the first jabs against Covid-19 in late 2020, according to Bloomberg, 381 million shots have been administered in 126 countries, with the current run rate being almost 10 million shots a day. At this pace, it will take about three and a half years for the world to reach the generally accepted critical level of 75% immunity.

Economically, socially and psychologically, humankind is in a race to attain herd immunity before the virus has the chance to mutate into new vaccine-resistant strains.

While there is no doubt South Africa is behind in this important race, it is a marathon, not a sprint. Indeed, this situation might even be to the country’s advantage if the government and health authorities can learn from other first movers’ experiences and mistakes. With the supply chain in tatters, AstraZeneca became the fall guy for failing to deliver requisite quantities of a vaccine of which the efficacy was supposedly questionable. French President Emmanuel Macron stated the British/Swedish jab was “quasi-ineffective”, right before Italian Prime Minister Mario Draghi blocked an export of the vaccines to Australia on the grounds that it was essential.

Second, when it comes to the strategies for rolling out the jabs, there is not one perfect system, but countries must leverage off the existing strengths in their healthcare systems. Israel has a world-beating private vaccine network that was perfect for the job. The UK used its centralised public National Health Service to roll it out nationally. Europe, by contrast, has been a mess.

 

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