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Santam to pay R1bn to clients hit hard by COVID-19 lock-down

South Africa’s largest short-term insurer, Santam has pledged up to R1 billion in relief to its business interruption clients within the small and medium-sized leisure, hospitality and nonessential retail businesses. This relief comes after a spate of legal battles with South African insurers pushing back on the payments of business interruption cover during the national lock-down. Ryan Woolley, CEO of Insurance Claims Africa joins CNBC Africa for more.

Tue, 28 Jul 2020 11:56:35 GMT

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