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Sasria

latest 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
It is unlikely that insurance will cover the damage or that the government will bail out companies
COLLAPSE

Who pays if the Eskom grid fails?

It is unlikely that insurance will cover the damage or that the government will bail out companies

  • Anathi Madubela
4 min read
Opposition parties have slammed the department of defence and state-owned military manufacturer Denel after the Special Investigating Unit (SIU) told parliament it had uncovered irregularities in procurements and the awarding of contracts
2022 BUDGET

Budget 2022: Godongwana sticks to tough love talk on SOEs, but dishes out funding to Denel

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…

  • Emsie Ferreira
5 min read
Of all claims received, R12.6-billion has been paid out as of 15 November, with a target of settling 80% of claims up to R60-million by March 2022. (Photo by GUILLEM SARTORIO/AFP via Getty Images)
CEDRIC MASONDO

State-insurer Sasria receives R32bn in claims relating to July unrest

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

  • Anathi Madubela
2 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
In 2020, former finance minister Tito Mboweni Tito Mboweni announced his plan to reduce the public sector wage bill in an effort to squeeze some of the air out of the country’s ballooning debt and fiscal deficit. (Delwyn Verasamy/M&G)
COVID 19

Mboweni extends R38bn to cope with double calamity of Covid-19 and unrest

The finance minister extended the Ters relief and the social distress relief grant, and also ensured businesses hit by looting can access insurance

  • Emsie Ferreira
3 min read
President Cyril Ramaphosa told the nation on Sunday 25 July in a televised broadcast that the country is fighting two battles.
ADJUSTED LEVEL 3

South Africa moves back to adjusted level 3, schools to reopen on Monday

Vaccination capacity to be increased as the government announces financial support measures for those affected by Covid-19 restrictions and the recent civil unrest

  • Eunice Masson
4 min read