TRADING UPDATE
Santam flags under-pressure disposable incomes
High inflation and interest rates have weakened consumers’ spending power, says SA’s biggest short-term insurer
16 May 2023 - 23:55
Santam, the country’s biggest short-term insurer, has flagged low economic growth, load-shedding and under-pressure disposable incomes as risks to insurance growth.
In its first-quarter trading update released on Tuesday, it said high inflation and interest rates had weakened consumers’ spending power...
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