Santam holds on to cash amid legal battle over business interruption claims
03 September 2020 - 08:49
Short-term insurer Santam has opted to hold on to its interim dividend as it continues a legal battle over business disruption claims following the Covid-19 lockdown.
Santam has raised a claims provision of R1.29bn as of its six months to end-June, as the best estimate of its exposure relating to policies with contingent business interruption (CBI) extensions...
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