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