Liberty Holdings, the insurer and asset manager that plans to delist and merge with its parent Standard Bank, is budgeting for at least R1.2bn in Covid-19-related life insurance claims over the next six to nine months.         

SA is still grappling with a third wave of infections from Covid-19 that has so far claimed almost 73,000 lives and cost insurers billions of rand in mortality and business interruption claims. While Liberty is bracing for a fourth wave of infections, it expects the impact to be lower than the devastating third wave as SA’s vaccination programme continues to gain momentum...

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