Sasria seeks cash from state as it warns of huge shortfall due to riots 🔒
The state-owned insurance company that provides cover for strikes and riots says a significant shortfall of capital available to continue its business is likely as a result of payouts for claims of R20bn to R25bn arising from the looting and destruction in KwaZulu-Natal and Gauteng in July.
It is in discussions with the Treasury about getting more than the R3.9bn already committed by the government, which it believes is “completely inadequate”...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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