Run on Numbers: SASRIA - a reflection of SA’s current unstable societal issues expressed in financial terms

By Corrie Kruger | Published Aug 21, 2023

The Reinsurance of Material Damage and Losses Amendment Act of 1990 was repealed in December 1998 and replaced with the Conversion of SASRIA Act 134, which intended to provide for the conversion of the South African Special Risks Insurance Association (SASRIA) into a public company, with a share capital, and for connected matters. SASRIA is a public enterprise listed under Schedule 3B of the Public Finance Management Act of 1999.