Tourism adds about R206.5-billion to the supply chain annually, feeding vehicle manufacture, agriculture, fuel, textiles, furniture, security, marketing and other sectors.
Woolley, whose company is representing more than 500 tourism and hospitality claimants against insurers, said contingent business interruptionREAD:“Insurers claim pandemics are not an insurable event, but they could have underwritten that. If it hasn’t been specifically excluded, it’s included.” He said they were sympathetic to the insurers, because they were probably not in a position to pay the entire claims value, and they were being let down by international reinsurers, but insurers must negotiate, to “give everybody the ability to survive”.Kubayi-Ngubane: Local tourism likely only to start in December
“When a business can’t operate or closes down, it affects the farms, the car sector, construction, curtain makers, school and social projects in communities, services from the banks, etc. When you devastate an industry, it ripples down the entire value chain,” Tshivhengwa said.“It’s time for insurers to show up, not to come up with excuses. By the time these issues are resolved in court, people will be on the street.”Insurers’ refusal to pay was the death knell for businesses.
“The situation is very serious for us. We have no cash, no income, creditors are owed over R600,000, Eskom is threatening to cut our power, we have overheads and no income. It’s like watching a child slip out of your hands. How do we tell our staff there is no money? ... These chief executives are earning 10,000 more than one of my staff.”“We owe millions. We have been strung along, sent from pillar to post, for three months. We’ve supplied all the information they asked.
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