DAVID MUNRO: Quick and thorough Covid-19 vaccination offers SA’s best economic chance

People wait for their Covid-19 jabs at a Discovery mass vaccination site in Midrand this July 21 2021 file photo. Picture: BLOOMBERG/WALDO SWIEGERS

The speed and extent of a national vaccine rollout is critical to stimulating economic recovery — and saving lives. Globally, countries that have achieved large-scale vaccination of their populations are returning to normal and seeing economic growth pick up. If SA is able to fully vaccinate the majority of the adult population the country would be in a position to lift almost all Covid-19 restrictions. This on its own would lift business confidence, prompting the private sector to consider spending additional funds on key upgrades to machinery and equipment.

In the US, the number of passengers using airports daily fell from about 2.3-million prior to the pandemic to a low of about 100,000 a day during the worst of the lockdown. The significant roll out of vaccines has resulted in the number of passengers a day increasing to about 2-million, with a noticeable surge in airline travel during the past three months as the number of people fully vaccinated approaches 50%.

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