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.

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.