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south african special risk insurance associationlatest news & developments
Grid collapse? Insurers might not cover you.
ANDRE DE RUYTER

Insurers tell clients: We can’t cover you for Eskom grid collapse

Companies say they cannot protect against a systemic risk which would threaten their entire business

  • Anathi Madubela
5 min read
Despite last year’s riots, South Africa has been ranked 118 out of 163 countries in the 2022 Global Peace Index. Photo: Marco Longari/AFP
ZUMAUNREST

Post-riot township economy is uncertain, but established investors won’t leave easily

July’s violence and looting dealt a blow to business confidence

  • Sarah Smit
6 min read
Reality: A police official arrests a woman after the Lotsoho Mall in Katlehong, southeast of Johannesburg, was looted and vandalised. (Photo by Phill Magakoe / AFP)
CEDRIC MASONDO

Sasria to get R3.9bn from Treasury to cover July unrest insurance claims

Claims totalling more than R5.8-billion had already been paid out to businesses

  • Anathi Madubela
2 min read
The MTBPS stresses that there are already 18.3 million citizens who receive one or another form of welfare grant. (Delwyn Verasamy/M&G)
ZUMAUNREST

Basic income grant not on treasury’s watchlist — yet

Treasury officials will model the effect of the grant on the fiscus if the need arises

  • Sarah Smit
4 min read