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No insurance for fire-ravaged parliament, could cost R1bn to rebuild

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Three fire-safety inspections before the state of the nation addresses in the past three years also listed infringements in parliamentary buildings.

THABO MOKONE, ANDISIWE MAKINANA and PHILANI NOMBEMBE

The houses of parliament are not insured, meaning a repair and reconstruction bill that could reach R1bn will be footed by taxpayers. Public works acting director-general Imtiaz Fazel broke this news to parliamentary chiefs and leaders of political parties as Cape Town firefighters ended their three-day battle to save the complex of buildings in the city centre...A subscription gives you full digital access to all Sunday Times content.Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.

 

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No insurance for fire-ravaged parliament, could cost R1bn to rebuildThe houses of parliament have no insurance cover, meaning a repair and reconstruction bill that could reach R1bn will have to be footed by taxpayers. 😂 😂 i knew it! Cyril Ramaphosa's funder will get the deal Don't let the fear of losing draw you back simply meet up with my account manager MichaelWeldon_ a very trustworthy account manager with many years experience,
Source: TimesLIVE - 🏆 28. / 59 Read more »

No insurance for fire-ravaged parliament, could cost R1bn to rebuildThe houses of parliament have no insurance cover, meaning a repair and reconstruction bill that could reach R1bn will have to be footed by taxpayers. 😂 😂 i knew it! Cyril Ramaphosa's funder will get the deal Don't let the fear of losing draw you back simply meet up with my account manager MichaelWeldon_ a very trustworthy account manager with many years experience,
Source: TimesLIVE - 🏆 28. / 59 Read more »

Parliament Fire I To what extent are government buildings secured and insured?: Prof Kwandiwe KondloFollowing the fire tragedy that erupted in Parliament on Sunday last week, a City of Cape Town preliminary report identified that Parliament was not complian... How can government building be save when criminals are already working there Not safe,most of them Don't want to comply, instead they fight department of labour inspectors for doing their job
Source: SABCNews - 🏆 37. / 51 Read more »

Taxpayers could pay for parliament fire as buildings are not insured: reportTaxpayers could end up footing the bill for a fire that destroyed several parliamentary buildings on 2 January after it has that the property is not insured, the Sunday Times reports. So what? We were going to do so in any event whether the insurance paid out or not. They were always going to make us pay.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Negligence: a loophole for insurers to reject Parliament’s claim | CitypressThe state’s negligence in not maintaining fire control systems in Parliament could result in insurers refusing to pay any claims arising from the blaze. Were the insurance premiums up-to-date? Apparently the building is not insured But they confirmed that the building was not insured 🤷🏾‍♂️
Source: City_Press - 🏆 7. / 72 Read more »

Lack of insurance for parliament building a real concern: Economist - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.%Economists have warned that the fire damage caused to parliament will have a negative impact on the county's fiscus.% south African economists are always spewing bullshit and bile. Heads are supposed to roll here. Starting from security to administration Yes take another loan from China
Source: SABCNews - 🏆 37. / 51 Read more »