BizNews BizNews Radio

Santam to Business Interruption customers: We won't pay. Blame Government's lockdown, not us.

Loading player...
Santam's chief risk officer Asher Grevler says he is appalled at the damage being wrought on the company's client base. Including those who thought they were covered against the pandemic by their Business Interruption insurance policies. But in the view of SA's largest short-term insurer, despite companies having been forced to close, there's no liability for the insurer. Grevler argues that it was SA's Government, not Covid-19, that caused them damage. So it refuses to settle their claims. Learn more about your ad choices. Visit megaphone.fm/adchoices
7 Jul 2020 2AM English South Africa Investing · Business News

Other recent episodes

Magnus Heystek: Why SA’s middle class is quietly being crushed

South Africans are being told everything is fine. Magnus Heystek says it’s a dangerous illusion. In a wide-ranging conversation with Alec Hogg, the veteran investment strategist warns that falling GDP per capita, rising taxes, weak property returns and flawed retirement structures are steadily hollowing out the middle class. From Regulation…
9 Jan 6AM 41 min

South Africa’s business titans are gone – and David Shapiro explains why

From Brian Joffe to Raymond Ackerman, South Africa once produced business giants who shaped the economy. David Shapiro argues they have been replaced by spreadsheet managers, over-regulation and compliance paralysis, and explains what that loss means for growth, risk-taking and the country’s future.
8 Jan 6AM 54 min
All episodes