Themba Baloyi: only 36% of road cars insured, 5,000 lives lost since April

Loading player...
The Executive Director of Discovery Insure Themba Baloyi spoke to Tim Modise about the high fatality rates in South Africa. Over 5,000 lives have been lost on South African roads since April. Baloyi says taxis, who transport 65 per cent of road users, contribute 15% of the fatalities compared to private motorists who contribute 50 per cent. He suggests that insurance companies can help improve the situation if all motorists were compelled to insure their vehicle. Currently, only 36 per cent of all vehicles on South African roads are insured. Learn more about your ad choices. Visit megaphone.fm/adchoices
23 Sep 2015 5AM English South Africa Investing · Business News

Other recent episodes

BN Edge | Piet le Roux: ICASA, Starlink and the true cost of BEE

To sell internet access in South Africa, you first have to show ICASA the race of your shareholders. Sakeliga has now taken the regulator to the Pretoria High Court, but, oddly, not to scrap the 30% black-ownership rule. Chief executive Piet le Roux told Alec Hogg why he chose the…
13 Nov 6AM 28 min