Closed for business — many companies without special insurance won’t survive the looting
Insurance companies will feel the pinch as businesses start to rebuild. Photo: Gallo Images/Sharon Seretlo Chaos. That’s how the last few days in South African could be described in one word. Malls have been set on fire, business looted and jobs lost in three provinces. Since then, we have seen communities band together to try …. Read More
Standard Bank wants to take full control of Liberty, launches buyout offer
Standard Bank CEO Sim Tshabalala. (File photo: Gallo Images) Standard Bank has made an offer to buy out all shareholders in Liberty, which will hike its stake in the life insurance and investment business from 54% to 100%. While the companies already cross-sell banking and insurance products to their clients, Standard Bank wants to bring …. Read More
Make sure this option is ticked on your car insurance policy as civil unrests rise in SA
• Civil unrests are on the rise in South Africa, putting personal property at risk. • Car owners should ensure that Sasria cover is added to their insurance policies. • Sasria is a state-owned entity that covers for loss due to protests and civil unrests. • For more motoring stories, go to Wheels24 With an average of 2.26 …. Read More
Hijacked garbage truck used to break through gates at Soweto mall, property group says
Mams Mall in Mamelodi, Pretoria. Property group Resilient – which owns shopping malls including Mall of the North, Limpopo Mall and Irene Village – has confirmed that two of its 28 shopping centres – Jabulani Mall in Soweto and Mams Mall in Mamelodi – have been damaged in recent riots. The company said that its centres were typically secured with a double …. Read More
Retail shopping centres damaged by unrest
Gauteng and KwaZulu-Natal have been affected by unrest including looting, property damage and violence. Eleven properties of SA Corporate Real Estate Limited have been damaged due to unrest in KwaZulu-Natal and Gauteng, the listed company said in a notice to shareholders on Tuesday. Parts of South Africa have been affected by looting, violence, and property …. Read More
Insurers’ ‘super-profits’: Industry says it’s not that black and white
The South African Insurance Association said its members did their bit by providing premium holidays, premium discounts and fast-tracked claim processes where possible. Insurers say they’ve used the money saved from lower vehicle claims to provide relief and premium discounts to customers. While they had fewer vehicle claims in 2020, the industry says it forked …. Read More
Absa Insurance launches new self-service digital insurance for car, house, and building cover
Absa Insurance has launched a new product to cover your house, car and building contents, called Activate. (Image supplied, Absa) Absa Insurance has launched a new, digital insurance product that offers car, house, and building cover called ‘Activate by Absa’ – promising no calls, no paperwork, and a simplified online experience. Activate by Absa is …. Read More
Woman with the world’s second-biggest butt insures her asset for R5,4 million
Brazilian Vanessa Ataides has been working on her butt for almost a decade. (PHOTO: Instagram / @byvanessaataidess) Vanessa Ataides says she’s famous because of her bottom so it’s only right she has it insured. The bodybuilder and social-media influencer has the biggest behind in her home country, Brazil, and the second-biggest butt on the planet. …. Read More