Sasria said it is determined to settle 80% of all claims between R1m and R30m by the end of October.
It has started making interim payments on larger claims, and aims to ensure that at least 30% of total claim value for big claims is paid in the next couple of weeks.
The government, as Sasria’s sole shareholder, has committed to stand in as the entity’s insurer of last resort to enable Sasria to meet all its policyholder commitments. This is intended to assist Sasria in meeting its obligations until the end of the current financial year, which ends on March 31, 2022 .
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