THE government said on Monday it plans to privatise its special risk insurer, Sasria, and invited tenders for advisers for the transaction. The government, working on a tight programme to wrap-up the privatisation of R170-billion worth of state assets by 2004, said in a newspaper advertisment it has resolved to dispose of its entire interest in Sasria. Sasria, the South African Special Risks Insurance Association, had assets valued at R10,1-billion as of August 31 last year. Sasria was set up in 1979, when apartheid South Africa was plagued by riots and internal strife, to provide insurance against damage to property cause by political acts, with government acting as reinsurer of last resort.