RMI says Australian bushfires may cost its subsidiary R400m
The company’s Australian subsidiary Youi is facing claims from both the bushfires and a hailstorm on the sunshine coast
10 January 2020 - 14:34
Rand Merchant Investment Holdings (RMI) said on Friday that its Australian subsidiary Youi has estimated it could incur gross losses of as much as A$40m (R400m) as a result of bushfires in that country.
Australia has experienced multiple and ongoing bushfires since late November, with a severe drought and high temperatures intensifying the affect of the fires...
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