Covid-19 vaccine: Government may have to milk bone-dry taxpayers some more
RELATED: Free Covid-19 vaccine for all medical aid members – Discovery CEO
South Africa’s largest vaccination drive ever is imminent.
Treasury is considering a tax hike, along with several other measures, to pay for it.
Other options include increasing the budget deficit and reprioritising spending.

Rich countries and some poorer ones have started vaccinating their populations against Covid-19.
A handful of countries – notably Israel (28% vaccinated) and the UAE (19% vaccinated) – is set emerge from the pandemic sooner than anyone would have expected a few short months ago, having already vaccinated large proportions of their populations.
South Africa, however, is still watching from the side-lines, for now.
The Money Show’s Bruce Whitfield interviewed Professor Adrian Saville, Chief Executive of Cannon Asset Managers.
It’s very hard to imagine how this economy will generate cash flow to fund new spending… It could be funded by curtailing spending, but we don’t have evidence of that. Fiscal discipline is missing in action… It’s bizarre that there are still conversations about SAA…
Professor Adrian Saville, Chief Executive - Cannon Asset Managers
A Covid-19 vaccine is [important] way over and above anything else… If we remain gripped by the pandemic, those [economic] plans will come to nought… It’s the most important priority.
Professor Adrian Saville, Chief Executive - Cannon Asset Managers
R20 billion… is not a big number. It’s substantially less than 1% of government spending…
Professor Adrian Saville, Chief Executive - Cannon Asset Managers
We have no evidence of fiscal discipline… most obviously, the wage bill.
Professor Adrian Saville, Chief Executive - Cannon Asset Managers
Economically, it’s not possible [tax hikes] … Taxpayers are missing in action… There are some silver linings, but they don’t come close to lighting a very dark economy.
Professor Adrian Saville, Chief Executive - Cannon Asset Managers
The best course of action is reprioritisation… We won’t get a stronger economy by cutting spending…
Professor Adrian Saville, Chief Executive - Cannon Asset Managers
Listen to the interview in the audio below.

Source : https://www.123rf.com/photo_34972689_doctor-doing-vaccine-injection-to-elderly-woman.html
More from Covid-19 coronavirus explained

Third wave 'inevitable' says expert, as country moves to Level 1
The onset of winter and slow roll-out of the vaccine programme also likely to contribute to a third surge says expert.
Read More
'The Aussies are arrogant; it’s our turn! Host Lions in S Africa, or postpone'
Australia wants to host South Africa and the British Lions. "We must put pressure on them to postpone," pleads Wynand Claassen.
Read More
Scotland threatens to close its 'border' with England
It is wrong for Scotland to try and impose its laws, said one UK MP, calling Scottish threats "ridiculous" and "bearing no logic".
Read More
South Africa starts largest vaccination campaign in its entire history
"Tygerberg Hospital gets 7400 vaccines and Groote Schuur gets 5760. Chris Hani Baragwanath gets just over 11 000," says Mia Malan.
Read More
Coffee production costs are spiking - supply chains are holding up
Migrant workers struggling to get to farms is causing a spike in production costs, says Robert Coles (Rosetta Roastery).
Read More
UCT trials next-gen Covid-19 vaccine to beat all current and future variants
The vaccine is developed by ImmunityBio, headed by South African billionaire Patrick Soon-Shiong (aka "world's richest doctor").
Read More
South Africa is about to start vaccinating against Covid-19 after initial hiccup
Africa’s Covid-19 epicentre is about to start rolling out vaccines proven to be effective against the 501.V2 variant.
Read More
Germany – worried about virus variants - extends hard lockdown to 7 March
The EU-powerhouse has been in hard lockdown since before Christmas. Kieno Kammies interviews Deutsche Welle’s Janelle Dumalaon.
Read More
German army brings hope – and doctors and ventilators - to crumbling Portugal
Hospitals across Portugal are all but collapsing, but in a "vivid sign of European solidarity", the German army is flying in hope.
Read More
Doctors in SA may now prescribe Ivermectin to treat Covid-19 – High Court
"It should only be used in severe cases," says virologist Burtram Fielding, "Safety data is available; there are side-effects."
Read More