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Tag: claims

Rising truck arson attacks –insurance consequences

Mtho Maphumulo, Senior Associate at Adams & Adams gives a view on the impact of the recent truck arson attacks on insurers. OVER 20 trucks have been torched in various provinces including...

Land Court Bill to improve claims process

Justice and Correctional Services Minister Ronald Lamola says the Land Court Bill will ensure stronger judicial oversight over claims. “The bill seeks to ensure stronger judicial oversight over claims, and this must...

Claims backlog to cost Road Accident Fund R49.9bn

The Road Accident Fund (RAF) is saddled with about 45 000 claims that await settlement for a period that ranged between five and 10 years as at last October. The cash-strapped RAF...

ABSA respond to claims they gave R10 million to Cyril Ramaphosa

Right now, Ramaphosa Leaks is the political scandal that has the nation on tenterhooks. A slew of emails and bank statements – made public in a fashion the presidency has labelled “illegal” –...

Steinhoff to ‘vigorously’ defend itself against Wiese’s R59bn claim

Steinhoff said it would defend itself against a R59bn claim by former chair Dr Christo Wiese’s entity Titan Group. According to a notice issued to shareholders on Thursday afternoon, in...

Santam remains steady amid tough economic climate and high claims

Santam, South Africa’s largest general insurer, today reported solid underwriting results and acceptable growth for the year ended December 2016. In a low-growth economic environment, the group reported gross written premium...

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Over R100-billion to be invested in data centres in South Africa 

By Larry Claasen Amazon Web Services (AWS) plans to invest R46-billion in Cape Town by 2029. THE setting up of hyperscale data centres in South Africa...

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