Violence in SA | Treasury to disburse R3.9bn to Sasria

File: National Treasury offices at 240 Vermeulen Street, Pretoria Central. 

File: National Treasury offices.

eNCA

JOHANNESBURG - National Treasury will be disbursing R3.9-billion to state-owned insurer, Sasria.

Sasria is looking to cover claims related to the July unrest in parts of KwaZulu-Natal and Gauteng.

The Treasury says the funds are intended to assist Sasria in meeting its obligations until the end of the financial year, in March.

READ: Violence in SA | Calls for Sasria to pay portion of claims

Last month, Sasria had indicated that it would need more than what the Treasury is willing to disperse.

The Treasury highlights that the final additional support is dependent on how quickly Sasria can finalise the total claim amounts.

It is expected the extra support will be included in next year's budget.

To date, claims amounting to over R5.8-billion have been paid.

Source
eNCA

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