Natural disasters crop Santam’s earnings

PUBLISHED: Thu, 05 Mar 2020 15:11:23 GMT


Santam earnings have been affected by a number of natural disasters including floods, drought and fires that has resulted in the company paying more than R800 million in Agri related catastrophes. The short-term insurer’s headline earnings dropped by 1 per cent to 2069 cents. Santam Chief Financial Officer, Hennie Nel joins CNBC Africa for more.