Liberty paid out R8 5-billion in death and disability c dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.
Momentum CEO Hillie Meyer is worrid that if inoculation doesn t happen fast enough, SA will be at the risk of a 4th wave.
Three of the country s big insurers - Discovery, Momentum Metropolitan Holdings, and Liberty - have published their death claims statistics.
Their numbers show that the second wave was more severe among the working population.
The Momentum CEO says if SA is caught napping again when the new vaccines come on stream, the country will be at risk of a fourth wave. We need to do the rollout of the vaccine faster. Plans that talk about a 12 and even an 18-month rollout won t work. We need to do 10 million inoculations per month, pleaded Momentum Metropolitan Holdings CEO after the announcement of the company s financial results on Thursday.
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The group adapted to the pandemic by âleveraging its recent technology investmentsâ. Management says operations remain financially sound and well capitalised. Image: Moneyweb
Despite a hefty loss of nearly R2.7 billion compared with the profit of R3.6 billion in the previous financial year, Liberty Holdings CEO David Munro told shareholders in a presentation of the group’s results for the year to end December on Thursday that Liberty achieved ârespectable resultsâ.
âThe crisis did not deviate us from the execution of our strategy,â said Munro, referring to the global Covid-19 pandemic.