South Africa receives more Pfizer-BioNTech vaccine doses from US amid ongoing surge
August 28, 2021, 12:31 pm

South Africa-

The AP reported, South Africa will this weekend receive 2.2 million Pfizer-BioNTech vaccine doses donated by the United States to add to the 5.6 million doses it received from the U.S. in July.

The new doses come as the country continues to battle an extended resurgence of COVID-19 infections and is racing to vaccinate 67% of its 60 million people by February next year.

They are expected to be delivered on Saturday, South African Health Minister Joe Phaahla said during a weekly COVID-19 briefing.

South Africa has already purchased 40 million doses of the Pfizer-BioNTech vaccine. The country has also bought 31 million doses of the Johnson & Johnson vaccine, which are being delivered in large shipments from overseas and from a manufacturing plant in South Africa.

South Africa has fully vaccinated more than 5.4 million people with the one-shot Johnson & Johnson vaccine and the two-dose Pfizer vaccine and has administered more than 11 million vaccine doses, Phaahla said Friday.

South Africa’s vaccination drive picked up pace last week after it increased eligibility to all aged over 18 years, ensuring that all adults can now get the shots.

“The response of our young people has been overwhelming. More than 560,000 ... registered for vaccination on the first day, and we vaccinated 81,000 of them on the first day,” said Phaahla.

“The weekend numbers have gone much higher and our average daily vaccinations have gone above 240,000, and this number was sustained,” said Phaahla.

Over the past two days, South Africa has given jabs to more than 260,000 people each day, bringing it closer to its target of 300,000 daily vaccinations, Phaahla said.

South Africa’s current surge driven by the delta variant has been more prolonged than the sharp spikes and falls seen in the first two waves, he said. It is urgent for the country to vaccinate as many people as possible before the next surge, which could be in November, Phaahla added.

In the last 24 hours, South Africa has recorded more than 12,700 new infections, including 357 deaths. Overall, nearly 81,000 people have died, according to official figures. But the actual number of deaths from COVID-19 is estimated to be nearly three times that amount, based on statistics showing the country’s average death rates.

South Africa has by far the largest reported burden of COVID-19 in Africa. Its 2.7 million confirmed cases are about 35% of the 7.6 million reported by all Africa’s 54 countries, even though South Africa’s population accounts for just 4.6% of the continent’s 1.3 billion people.

Health experts say South Africa’s relatively good statistical reporting and its volume of international travelers are likely contributing factors.

Source: AP

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.