Close Menu
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact

Subscribe to Updates

Get the latest technology news from TechFinancials News about FinTech, Tech, Business, Telecoms and Connected Life.

What's Hot

8win Joins Forces with Leicester City Football Club in New Global Partnership

2026-01-22

Holiday Retail momentum and Business Travel Growth Drive National Economic Activity, Visa Consulting & Analytics Reports

2026-01-22

Leading Altcoin to Buy for Solana-Powered Banking Digitap ($TAP) Overtakes $1.49 SUI

2026-01-22
Facebook X (Twitter) Instagram
Trending
  • 8win Joins Forces with Leicester City Football Club in New Global Partnership
Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp RSS
TechFinancials
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact
TechFinancials
Home»COVID-19»SA Cabinet Welcomes R3 Billion COVID-19 Technology Transfer By Dr Patrick Soon-Shiong
COVID-19

SA Cabinet Welcomes R3 Billion COVID-19 Technology Transfer By Dr Patrick Soon-Shiong

Staff WriterBy Staff Writer2021-05-13No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Soon-Shiong
Dr Patrick Soon-Shiong. Getty Images
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Cabinet has welcomed the R3 billion commitment, to transfer the latest technology for producing vaccines and biological therapies to South Africa, announced by Dr Patrick Soon-Shiong.

Soon-Shiong, who is a South African born biotechnology entrepreneur, now based in the United States, announced this during a meeting organised by the World Health Organisation, on Wednesday.

“Cabinet applauds the active support of Dr Soon-Shiong and other philanthropists for equitable distribution of COVID 19 vaccines, diagnostics and therapeutics,” Cabinet said in statement on Thursday.

“Cabinet also appreciate the acknowledgement by Dr Soon-Shiong of South Africa’s advancement in the science, the human capital, the capacity and the desire to produce second-generation vaccines to address variants of the Coronavirus that might make current vaccines less effective.”

The Wits-educated billionaire scientist was born in Gqeberha and is currently a big player in the pharmaceutical sector in the United States.

India 

Meanwhile, South Africa will donate ventilators to India as the country’s COVID-19 death toll surpassed the 250 000 mark this week, with over 23 000 000 cumulative cases.

According to Cabinet, lending a helping hand is part of South Africa’s commitment that the fight against the pandemic across the globe requires a collective effort.

“Cabinet was briefed on the prevailing situation relating to COVID-19 infections in India and supported the decision to donate ventilators to India.”

Meanwhile, the Executive said it is aware of concerns amongst South Africans about the situation in India.

“We wish to assure South Africans that the Department of Health and our scientists continue to monitor developments in that country and that the necessary and appropriate precautions and protocols are implemented to protect South Africans.”

Cabinet also touched on the “slight” peak in COVID-19 infections in the country.

“Cabinet reminds all South Africans to continue adhering to the non-pharmaceutical health protocols to prevent the spread of COVID-19 of continuing to wear masks when in public; maintaining social distance of at least 1.5 metres; always wash hands with water and soap or use a 70% alcohol-based hand sanitiser and avoid unnecessary travel and stay home.”

TRIPS

Cabinet also welcomed the support of the United States for the World Trade Organisation (WTO) to waive Trade-Related Aspects of Intellectual Property Rights (TRIPS) on COVID-19 vaccines.

“South Africa and India have been leading the initiative at the WTO for the waiver of TRIPS.”

Cabinet believes that the waiver of TRIPS will enable access to technologies that will give impetus to the wider manufacturing of lifesaving COVID-19 vaccines.

“The move has seen more than 100 countries, including China, support the effort to apply waivers to parts of the WTO’s TRIPS.”

According to the Executive, poor access to COVID-19 vaccines has prevented the majority of developing countries in particular within the African continent to make significant progress in the fight against Coronavirus.

“Cabinet’s view is that preventing nations from developing their own vaccines in the face of high mortality rate as a result of the Coronavirus is morally indefensible.”

Nurses’ Day

Cabinet has once again reiterated its message of gratitude to the nurses in South Africa as they commemorated International Nurses’ Day on Wednesday.

“Nurses, together with other health workers, continue to be at the frontline in the fight against COVID-19, at personal risk to their own lives and risk of exposure to their families. Government remains indebted to the resilience, sacrifice and tenacity of South Africa’s nurses in the fight against COVID-19,” said Cabinet. – SAnews.gov.za

Dr Patrick Soon-Shiong India TRIPS WTO
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Staff Writer

Related Posts

Cartesian Capital Expands Investor Toolkits With JSE Listings

2026-01-20

Kili Technologies: Unlocking Africa’s Clean Energy Potential With Trusted Data

2026-01-19

Luminance Expands In Africa Amid Demand Surge

2026-01-15

Mpumalanga’s Top Matric Achiever Luyanda Ndlozi Rewarded With Brand New Car

2026-01-14

Say Hello To Haier: Intelligent Appliances Designed For SA’s Future

2026-01-14

Victory For Members: MediCheck Forces Reversal of Discovery Health’s R170 Million “Clawback”

2026-01-12

Volvo Recalls 372 EX30s In South Africa Over Battery Fire Risk

2026-01-09

Wholesale And Retail SETA Funds 50 SA Students To Study E-commerce In China

2026-01-09

OUTsurance To List On A2X Markets

2026-01-07
Leave A Reply Cancel Reply

DON'T MISS
Breaking News

Directing The Dual Workforce In The Age of AI Agents

We will be the last generation to work with all-human workforces. This is not a…

Huawei Says The Next Wave Of Infrastructure Investment Must Include People, Not Only Platforms

2026-01-21

South Africa: Best Starting Point In Years, With 3 Clear Priorities Ahead

2026-01-12

How SA’s Largest Wholesale Network is Paving the Way for a Connected, Agile Future

2025-12-02
Stay In Touch
  • Facebook
  • Twitter
  • YouTube
  • LinkedIn
OUR PICKS

Mettus Launches Splendi App To Help Young South Africans Manage Their Credit Health

2026-01-22

The EX60: A Volvo That Talks Back

2026-01-20

Over R270M In Phuthuma Nathi Dividends Remain Unclaimed

2025-11-27

Africa’s Next Voice Revolution, When 5G Meets AI

2025-11-21

Subscribe to Updates

Get the latest tech news from TechFinancials about telecoms, fintech and connected life.

About Us

TechFinancials delivers in-depth analysis of tech, digital revolution, fintech, e-commerce, digital banking and breaking tech news.

Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp Reddit RSS
Our Picks

8win Joins Forces with Leicester City Football Club in New Global Partnership

2026-01-22

Holiday Retail momentum and Business Travel Growth Drive National Economic Activity, Visa Consulting & Analytics Reports

2026-01-22

Leading Altcoin to Buy for Solana-Powered Banking Digitap ($TAP) Overtakes $1.49 SUI

2026-01-22
Recent Posts
  • 8win Joins Forces with Leicester City Football Club in New Global Partnership
  • Holiday Retail momentum and Business Travel Growth Drive National Economic Activity, Visa Consulting & Analytics Reports
  • Leading Altcoin to Buy for Solana-Powered Banking Digitap ($TAP) Overtakes $1.49 SUI
  • Digitap ($TAP) vs. $1.89 XRP: Why this Crypto Presale is Up 250% and Scaling
  • Solana Price Prediction: Will SOL Reclaim $300 By Years End As Memecoins Look Set To Explode On The SOL Ecosystem
TechFinancials
RSS Facebook X (Twitter) LinkedIn YouTube WhatsApp
  • Homepage
  • Newsletter
  • Contact
  • Advertise
  • Privacy Policy
  • About
© 2026 TechFinancials. Designed by TFS Media. TechFinancials brings you trusted, around-the-clock news on African tech, crypto, and finance. Our goal is to keep you informed in this fast-moving digital world. Now, the serious part (please read this): Trading is Risky: Buying and selling things like cryptocurrencies and CFDs is very risky. Because of leverage, you can lose your money much faster than you might expect. We Are Not Advisors: We are a news website. We do not provide investment, legal, or financial advice. Our content is for information and education only. Do Your Own Research: Never rely on a single source. Always conduct your own research before making any financial decision. A link to another company is not our stamp of approval. You Are Responsible: Your investments are your own. You could lose some or all of your money. Past performance does not predict future results. In short: We report the news. You make the decisions, and you take the risks. Please be careful.

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.