Scores of informal traders have no insurance to fall back on

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South Africa’s largest food producer, Tiger Brands, lost more than R150 million worth of stock. Photo: Tebogo Letsie/City Press
South Africa’s largest food producer, Tiger Brands, lost more than R150 million worth of stock. Photo: Tebogo Letsie/City Press

BUSINESS

There is great concern about many businesses that are not insured against looting and vandalism, but even those with such insurance are not necessarily going to escape financial losses.

A preliminary estimate of the claims that state insurer SA Special Risk Insurance Association (Sasria) will have to deal with varies from R7 billion to R30 billion.

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