Auditor concerns over the going-concern status of the SA Special Risks Insurance Association has caused it to be unable to meet the end-September deadline for the tabling of its 2020/2021 annual report in parliament.
Sasria — the state-owned insurer that provides cover against risks such as civil commotion, public disorder, riots and terrorism — falls under the jurisdiction of the Treasury...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Source: News Formal (newsformal.com)
SANDRAJ09724727 I have said so on a few occasions: SASRIA is going belly-up. Why - look where the premium income went to and where is the re-insurance.
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What’s concerning is will SASRIA cope when another and more waves of rioting and destruction happen … that is a given
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