South African life insurers are shoring up their capital reserves as they brace for a fifth wave of coronavirus infections. Moneyweb lifeinsurance
South African life insurers are shoring up their capital reserves as they brace for a fifth wave of coronavirus infections. Africa’s biggest insurer Sanlam said on Thursday it will hold three times its typical discretionary capital, increasing reserves to R3 billion , to give it headroom to grapple with uncertainties caused by the pandemic.
Read:South African excess deaths back to levels seen before Omicron That metric is seen as a more accurate way of measuring the impact of Covid-19 than official statistics, and means that as many as one in 200 in the country may have been killed. South Africa’s second-biggest listed insurer, Discovery Limited, has put dividend payments on ice until it receives certainty on the trajectory of the virus.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SA records zero Covid-19 deaths in the past 24-48 hours: NICDNo Covid-19 deaths were recorded in SA in the past 24 to 48 hours, the National Institute for Communicable Diseases said on Tuesday.
Read more »
SA records zero Covid-19 deaths in the past 24-48 hours: NICDNo Covid-19 deaths were recorded in SA in the past 24 to 48 hours, the National Institute for Communicable Diseases said on Tuesday.
Read more »
Covid-19 update: No fatalities reported in SA in 24 hoursOver six million people have died worldwide from Covid-19 since the pandemic began.
Read more »
SA records zero Covid-19 deaths in the past 24-48 hours: NICDNo Covid-19 deaths were recorded in SA in the past 24 to 48 hours, the National Institute for Communicable Diseases said on Tuesday.
Read more »