Kaya 959 Kaya Biz

State insurer, SASRIA says it still needs time to fully recover from July Unrest

Loading player...
GUEST - Mpumelelo Tyikwe - Sasria CEO

Sasria briefed has asked National Treasury for a six to eight-year dividend payment hiatus to build up its reserves to at least R30 billion – Due to July Unrest impact. The state risk insurer also revealed that it has paid out R30.7bn this far on the July 2021 unrest, R10.4 million for the truck torchings, R13.3m after the National Student Aid Finance Scheme (Nsfas) triggered students protests, and a total of R356m so far for the taxi strike in Newlands, Cape Town.
11 Oct 2023 4PM English South Africa Business News · Investing

Other recent episodes

BofA Slashes SA Growth Forecast as Inflation Surges

Bank of America has cut South Africa’s 2026 GDP growth forecast to 1.3%, warning that higher oil and fertilizer prices will keep inflation above 4% for most of the year. Economist Tatonga Rusike explains
23 Apr 3PM 11 min

Understanding SA’s First Wealth Score

Franc unveils South Africa’s first-ever Wealth Score, revealing that financial habits—not income—are the strongest predictor of financial health. We unpack why SA’s national score is 45/100 and the behavior gap between knowing and doing with Dr. Thomas Brennan, founder and CEO of Franc.
23 Apr 3PM 13 min

Clicks Lifts HEPS 8% Despite Warehouse Disruptions.

Clicks delivered firm interim results with diluted HEPS up 8.1%, even as warehouse system delays cost an estimated R175 million in lost sales. CEO Bertina Engelbrecht discusses pharmacy growth, trading margins, and festive‑season competition.
23 Apr 2PM 16 min
All episodes