Today: 23 August 2025
17 November 2021
1 min read

S. Africa insurer says paid 12 bn rand due to unrest in July

As a result of the July unrest that caused damage to property in Gauteng and KwaZulu Natal provinces, the South African Special Risks Insurance Association (SARISA) has announced that it has paid out over 12.6 billion rand (about $812 million)…reports Asian Lite News

During its briefing to the media, SARISA Managing Director Cedric Masondo announced that the entity has received 14,051 claims valued at 32 billion rand.

The state-owned short-term risk insurer said the settlement of claims from the deadly riots that saw thousands of businesses looted in parts of KwaZulu-Natal and Gauteng provinces would not be finished until next year, and the company aims to pay out 80 percent of claims by March 2022, Xinhua News Agency reported.

ALSO READ: African national held with heroin worth Rs 5 crore

“We have also increased our staff complement, and our broker network is helping clients with claims formulation supported by our internal underwriting and legal team that have been hard at work with giving guidance and attending to policy interpretation matters,” he said.

In addition, he said SARISA has dealt with fraudulent and inflated claims.

Previous Story

Pakistan, Afghanistan agree to resume Dosti bus service

Next Story

Pak govt hails Sidhu’s role in opening of Kartarpur corridor  

Latest from Africa News

UAHR slams ‘baseless’ Port Sudan allegations

The Union Association for Human Rights (UAHR) has strongly condemned recent accusations by the so-called “Port Sudan Authority” against the United Arab Emirates (UAE), calling them “baseless” and a deliberate attempt to

Aboulela awarded PEN Pinter prize

Born to an Egyptian mother and Sudanese father, Aboulela grew up in a Khartoum where British colonial echoes mingled with the call to prayer Sudanese-British novelist Leila Aboulela has been named winner

Kenyans put president on notice

Kenya’s fifth president became a remarkably unpopular leader barely two years into his presidency after proposing aggressive tax measures that many saw as a betrayal of his campaign promise to support working-class
Go toTop

Don't Miss

Putin promises no-cost Russian grain shipments to 6 African countries

The Russian mercenary group Wagner has been active in Mali

UAE ranks first in 9 gender balance indexes

The UAE is continuing its rapid progress in the United