The state-owned insurance company that provides cover for strikes and riots says  a significant shortfall of capital available to continue its business is likely as a result of payouts for claims of R20bn to R25bn arising from the looting and destruction in KwaZulu-Natal and Gauteng in July.

It is in discussions with the Treasury about getting more than the R3.9bn already committed by the government, which it believes is “completely inadequate”...

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