Sasria pays R24billion in July unrest insurance claims

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With just a year later following a shocking incident which left many small businesses out in the cold many unemployed, state owned insurance company Sasria says they are still standing with R7billion in their account waiting to be claimed by victims of the July unrest.

Following the announcement of the arrest of former president Jacob Zuma, riot erupted in Gauteng and KZN where many establishments became crimes scenes after getting robbed of their assets.

However, Sasria CEO Mpumi Tyikwe said they are seeing progress in making sure that those deserving of funds they claimed during the period, get what is theirs.

“Sasria has so far paid over R24 billion, meaning that eighty percent of all lodged claims have been paid out. Sasria continues to encourage clients that have outstanding information or paper work to submit these, so that those claims can be finalised as well..”

“Out of the 21 000 claims lodged, there is only a few outstanding, hence the call to clients to submit for finalisation. Currently, there are 6 800 outstanding claims, totalling R7 billion. Some of these are complex as clients are still rebuilding, and in some cases, they need to put the exact amounts of claims.”

“This past year has not only been tough and challenging, but it called on us as an organisation to think differently and come with solutions geared towards smoothly assisting our stakeholders, and in the end, all our clients” added Tyikwe.