The cost of public protests has more than doubled in a year, according to state-owned insurer Sasria. In one of the first tangible indications of the cost to the private sector of service delivery protests, Sasria MD Cedric Masondo said it had recorded claims of more than R1.7bn in the 2018/19 financial year, from R800m in the 2017/18 financial year. The “massive” increase will push Sasria into its first underwriting loss since 1994. It is “the first time we’ve received so many claims and of such high value,” said Masondo.

PODCAST: Unpacking South Africa's decline..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now