cost of july unrest
The impact of the July 2021 riots in KwaZulu-Natal and parts of Gauteng continue to be felt in South Africa. This as some businesses have not yet received their insurance payouts which directly impacts their ability to recover.
The July unrest and looting has had a catastrophic impact on many businesses in KwaZulu Natal and Gauteng.
The South African Special Risk Insurance Association (Sasria) has paid out more than R5.8 billion in insurance claims related to the unrest that took place in July. Additional funds have since been given to the insurer to tackle the remaining backlog of claims.
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