Massive hailstorm hits parts of Joburg – How will the insurance industry respond to this?

Loading player...
GUEST – Funeka Ngewu, Head of Executive Claims and Claims Support at Momentum Insure

A massive hailstorm hit several parts of Joburg - damaging properties, cars, municipal infrastructure and leaving roads covered in a pile of hail. YOUR INSURANCE COMPANY advises you to move your vehicle undercover, as a storm with a risk of hail is imminent in Johannesburg (CBD).

You may have been receiving these types of SMSes of late, following severe hailstorms in Gauteng in the past, that damaged thousands of vehicles and caused claims running into millions of rands. In recent times, insurers generally have also embraced social media platforms such as Twitter as a means to inform clients of pending weather risks and to reduce their own exposure.

But where do these warnings leave clients who are unable to move their vehicles to safety, or who ignore the warning
14 Nov 2023 3PM 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