[LISTEN] Sasria is back to normal capacity, reports executive manager for stakeholder management Muzi Dladla on SAfmRadio Marketupdate with FifiPeters. Moneyweb JulyUnrest
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Sure. We were just having a conversation around business rescue, and I wonder if you would have any colour as to how many companies that were affected by the riots were not able to come out of it alive? Coincidentally, this happened exactly on the ninth. If you recall, in 2020, 2021, it was on the 9th of July, actually, when the whole thing started. It started pretty much similarly to how it happened now, with trucks being torched on the N3. And then it spread – obviously all over the country. Read: Attackers torch trucks on another key SA trade route But you have not seen that being the same. The [police] response was quite quick, and it was contained.
Just reflecting then, as a business, you said that the matters have settled down a little right now, two years on. Your membership – has it grown in the past two years? We do an annual rate check, if you like, where we analyse the risk; we obviously look at the profile. And then we rerate again to get to the technical rates, the rate that actually should be charged. We do that on an annual basis. We are still not in the position we should be in, in terms of the correct premiums. But, because of all the strain and understanding that the majority of clients at this point find things quite tough, we opted not to have an additional payment increase as a result.
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