Insurer warns SA could see repeat of July riots

South Africa’s State insurer Sasria is warning that it cannot afford to cover the country’s businesses should it see a repeat of last year’s unrest. Sasria executives told Parliament that the group’s current balance sheet is not adequate for another R30-billion loss. eNCA reports that SA’s state insurer says early warning signals point to another loss if interventions are not urgently put in place. The country took a huge hit in investor confidence when the unrest unfolded in July 2021.