South Africa: Giant Insurance Payout Begins, but It's Certainly No Bonanza

analysis

Payments in one of South Africa's biggest insurance claims ever have begun. It will not be fast or easy. The final quantum of payouts will be determined following delicate negotiations between the insurance industry and its reinsurers on one side, and more brutal negotiations between the industry and its clients on the other. What is crystal clear is that there will be no winners.

First published in the Daily Maverick 168 weekly newspaper.

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