Ramaphosa wants to see black business capitalise on COVID vaccine manufacturing

As he prepares to take his bid for COVID vaccine waivers to the G7 next week, President Ramaphosa says he would like to see black business at the forefront if the waiver is agreed to.

President Cyril Ramaphosa delivering the keynote address at the 45th Black Management Forum Corporate Update Gala Dinner at the Sandton Convention Centre in Johannesburg on Friday, 4 June 2021. Picture: Twitter/PresidencyZA

JOHANNESBURG –President Cyril Ramaphosa said he would like to see black businesses capitalising on vaccine manufacturing. The President said this as he prepares to take his bid for vaccine waivers to the G7 next week.

South Africa and India have proposed the temporary waiver of patents to COVID-19 vaccines in a bid for more equitable access and distribution.

Ramaphosa told guests at the Black Management Forum’s 45th-year anniversary dinner on Friday night that he will be advocating to the World Trade Organisation - mostly in Europe, which had been reluctant to agree to the intellectual property lift.

READ: Big Pharma says vaccine waiver sets dangerous precedent

The President said he would like to see black industrialists stepping up when the opportunity opens up.

“Once this waiver is agreed to; intellectual property is then released, technology transfer takes place, opportunities are then created, the finances made available.”


Meanwhile, the National Institute for Communicable Diseases (NICD) reports the country has more than 58,200 current covid infections.

The biggest jump was recorded in Gauteng with 765 more cases since Thursday night.

The province also recorded the most recoveries during that time at just under 2,200.

At the same time, the Western Cape recorded another 177 active cases in that time and is currently dealing with a total of 4,171 cases of the disease.

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