Companies say they cannot protect against a systemic risk which would threaten their entire business
It is unlikely that insurance will cover the damage or that the government will bail out companies
The finance minister made a smallish exception for Denel in terms of funding but warned that the government wants to push ahead with plans to consolidate SOEs that no longer served a function
Sasria says it has paid out R12.6-billion in claims. The state-owned insurer said will be profitable by 2022, thanks to treasury’s additional R11-billion allocation
Claims totalling more than R5.8-billion had already been paid out to businesses
The finance minister extended the Ters relief and the social distress relief grant, and also ensured businesses hit by looting can access insurance
Vaccination capacity to be increased as the government announces financial support measures for those affected by Covid-19 restrictions and the recent civil unrest