Flash Briefing: SA missing vaccination target; Ninety One dumps Tongaat Hulett; EOH; Nedbank

  • South Africa’s government hopes that the rate of Covid-19 inoculation will increase from April. Health Minister, Dr Zweli Mkhize, said the country is expecting half a million Johnson & Johnson vaccines between now and the end of March. He also said that between five and seven million are expected to arrive in April to June. COVAX will also be shipping over half a million jabs to the country. However, Deputy Health Minister Joe Phaahla said South Africa is falling behind its target of 1 and a half million vaccinations by the end of the month. He expects only 700,000 vaccines to be completed by the end of March’.
  • Asset manager, Ninety One has disposed of its stake in sugar producer Tongaat Hulett, which amounted to just under 4 percent of ordinary shares.
  • EOH has cancelled its AGM, which was convened to obtain shareholder approval for implementation of its 2020 Share Plan. The company announced that after feedback from shareholders, further consultations will be held before the adoption and implementation of the plan.
  • Nedbank expects profit for the year ended December to drop by almost 60% due to the impact of the pandemic. It expects headline earnings per share of between 10 and twelve rand.
  • Pets are gaining weight just as their owners have been, during the pandemic. According to our partners at the Wall Street Journal sedentary lifestyles, bad diets with too many snacks and stress eating means that the number of pets diagnosed as obese is rising. You can subscribe to BizNews.com for full access to The Wall Street Journal.

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