Treasury wants insurers to assume more municipal disaster risk
The government will engage the sector on the potential for parametric insurance to improve South Africa’s approach to disaster risk.
Municipalities
Why insurance plays a limited role in municipal risk financing
A study says the reasons include underinsurance, poor maintenance, claims processing delays, and market constraints.
Municipal crisis: mismanagement threatens service delivery and financial stability
Recent reports and the Budget Overview expose deep flaws in local government, prompting urgent calls for debt reforms and stricter accountability.
Unpaid contributions: FSCA prepares to hold non-compliant employers accountable
With over R5.2 billion in unpaid retirement fund contributions and municipalities among the worst offenders, the FSCA is poised to gain expanded powers under the COFI Bill.
Important expenses not factored into the medium-term budget
A major concern is the contingent liability guarantees of municipalities and some of the state-owned enterprises.
Sasria and Santam to Empower Municipalities
Sometimes, desperate times call for innovative ideas, rather than desperate measures. Sasria has signed an agreement with Santam to join their “Partnership for Risk and Resilience” (P4RR) programme to facilitate increased collaboration between […]
