This serves as a general communication to Santam shareholders with regards to the business environment for the four month period ended 30 April 2017.
South African intermediaries honoured leading South African short-term insurer, Santam by choosing the business as their top choice when it comes to both corporate and personal insurance.
Motorists and homeowners in low lying areas advised to take precautions
The recent spate of fires in the winelands of the Western Cape has again brought the issue of the wine producer’s risk to the fore, with a number of wine farms being adversely affected. Shehnaz Somers, head of commercial underwriting at Santam said the company is still assessing the damage and loss as a result of fires spreading to well-known vineyards and guest farms in the winelands and surrounding areas over the past month.
Forecasts for neutral to La Niña conditions still remain valid with borderline La Niña conditions currently present. The expected rainfall in the first part of October over the eastern summer crop production areas did not occur but conditions are still favourable for rain in the second part of October. Cumulative rainfall forecasts until the end of December 2016 from the accuweather.com website indicate that between 300-400mm of rain is possible over the eastern areas.
The impact of Africa’s rising population and the rapid levels of urbanisation across the continent have placed an enormous strain on infrastructure and available resources.