Sunday, October 24, 2021
Home Politics Health Sasria pays out R5.8 bn to businesses affected by looting in KZN...

Sasria pays out R5.8 bn to businesses affected by looting in KZN and Gauteng

The SA Special Risk Insurance Association (Sasria) has paid more than R5.8bn in claims to businesses affected by the July unrest and looting in KwaZulu-Natal and Gauteng, the state-owned short-term insurer said on Monday.

KwaZulu-Natal was thrust into a state of chaos after supporters of former president Jacob Zuma protested about his arrest.

The demonstrations quickly escalated into unrest and looting which saw businesses being set alight and looted.

The SA Property Owners Association (Sapoa) said the unrest cost R20bn of KwaZulu-Natal’s GDP and R50bn of the national GDP.

Sasria MD Cedric Masondo said there are ongoing discussions about how the insurer can be “future proof ready and acknowledge the lessons learnt” from the unrest. 

“Sasria continues to play a key role in the insurance industry. We urge clients to continue and maintain their policies with Sasria and would like to assure them of our determined resilience to maintain our excellent relations”, said Masondo.


Equal Education protesters denounce ANC at Ramaphosa’s Khayelitsha rally

Members of lobby group Equal Education on Thursday infiltrated an ANC election rally in Khayelitsha on the Cape Flats, where party president...

SA accuses Zim of ‘killing’ Africa trade through Beitbridge truck delays

HARARE – South Africa has accused Zimbabwe of “killing business” over border delays for haulage trucks at Beitbridge. Queues...

Former USA President Trump to launch his own twitter App to rival Zuckerberg ‘social media apps

Former USA President Donald Trump to launch his own social media app. The ex-US President says he will launch the app TRUTH...


Please enter your comment!
Please enter your name here

Most Popular

Here’s what the ANC intends to ask its mayoral candidates

Prospective ANC mayors will have to field at least 18 tough questions from a panel of interviewers on why they should be...

Mbeki calls for a painful ANC renewal

Former president Thabo Mbeki was sitting at home one day when he got a missed call from a Cape Town phone number....

Horror man beats wife to coma for denying him s.e.x

Horror man beats wife to coma for denying him s.e.x. While a woman fights for her life in the intensive care unit,...

Zimbabweans criticised for taking SA Govt to court over exemption permits

Some Zimbabwean nationals based in South Africa have criticised their compatriots who recently took that government to...

Recent Comments