Sasria’s posts a 34% rise in profit to R4.47 billion in 2024/25
Loading player...
GUEST: Mpumi Tyikwe – Chief Executive, Sasria
South Africa’s state-owned special risk insurer, Sasria, is proving that recovery after crisis is possible and sustainable. After suffering a record R24 billion loss during the 2021 unrest, the insurer has staged a powerful rebound, posting a 34% rise in profit to R4.47 billion in 2024/25 and rebuilding its reserves to R18.6 billion.
Sasria CEO Mpumi Tyikwe joins us to discuss how the insurer has strengthened its balance sheet, reduced reinsurance costs, and positioned itself to absorb catastrophe claims of up to R20 billion without government support. But beyond the numbers, Tyikwe warns that emerging social and political risks from illegal mining and coalition instability to unemployment-driven protests remain major challenges.
South Africa’s state-owned special risk insurer, Sasria, is proving that recovery after crisis is possible and sustainable. After suffering a record R24 billion loss during the 2021 unrest, the insurer has staged a powerful rebound, posting a 34% rise in profit to R4.47 billion in 2024/25 and rebuilding its reserves to R18.6 billion.
Sasria CEO Mpumi Tyikwe joins us to discuss how the insurer has strengthened its balance sheet, reduced reinsurance costs, and positioned itself to absorb catastrophe claims of up to R20 billion without government support. But beyond the numbers, Tyikwe warns that emerging social and political risks from illegal mining and coalition instability to unemployment-driven protests remain major challenges.
