Sasria, the state insurer providing cover for riots and public disorder, is in discussions with its reinsurers to continue providing grid collapse cover next year, as it keeps an eye on possible social and economic risks in an election year.
Reserve Bank governor Lesetja Kganyago has warned South Africans against seeing the gold & foreign exchange currency reserve account (GFECRA) which now stands at nearly R500bn as a “pot of gold” that would solve their economic woes.