South Africans must start thinking about total grid collapse
Several South African insurers — including the state-owned Sasria that covers special risks like riots, strikes, and terrorism — are excluding damages related to the possible failure of Eskom's national grid.
If the grid collapses...
R5.8 billion in insurance claims paid for July riots damages
The South African Special Risk Insurance Association (Sasria) has to date paid out R5.8 billion in claims to businesses that suffered damages during the July unrest in KwaZulu-Natal and Gauteng.
This was on Monday revealed by the...
Devastating financial damage caused by storage unit looting revealed
Stor-Age announced in a trading update on Tuesday that approximately 60% of the total 15,100m² of storage space at its facility in Hillcrest suffered significant structural damage.
"These buildings require full demolition and...