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Toyota’s Japanese insurer sues South Africa over $361 million flood claim

by AIP Online Bureau | Jun 23, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The claim alleges that the floods, which closed the Prospecton plant for four months, cost the company about 4.5 billion rand in plant repairs and rehabilitation and more than 2 billion rand in business interruption, the newspaper reported. A 6.5 billion rand ($361...
South Africa most dangerous country to drive India ranks 49th among 53 surveyed

South Africa most dangerous country to drive India ranks 49th among 53 surveyed

by AIP Online Bureau | Mar 29, 2025 | Data, Facts, International News, Risk Management

India, at 49th place, was listed among the bottom five with the US ranking 51, making it the third most dangerous country to drive, according to Zutobi.com, the international driver’s education company with courses in multiple countries Johannesburg: South...
South Africa moves to implement national health bill despite resistance

South Africa moves to implement national health bill despite resistance

by AIP Online Bureau | Aug 7, 2024 | Eco/Invest/Demography, Health, International News, Policy, Regulation

Cyril Ramaphosa,President, South Africa The legislation will gradually limit the role of private insurance in South Africa, create a new public fund to provide free access for citizens, and set the fees and prices that private healthcare suppliers can charge for...
New National Health Insurance will not stop private healthcare in South Africa: President Ramaphosa

New National Health Insurance will not stop private healthcare in South Africa: President Ramaphosa

by AIP Online Bureau | May 21, 2024 | Health, International News, Non-Life, Regulation, Reinsurance, Risk Management

Cyril Ramaphosa, President,South Africa “The NHI will be a lifeline for millions of poor South Africans whose resources will be freed up for other essential needs. It will also alleviate the burden on those who are increasingly paying more in medical aid premiums for...

South Africa’s Ramaphosa to sign health insurance bill into law just before electio

by AIP Online Bureau | May 13, 2024 | Eco/Invest/Demography, Health, International News, Non-Life, Policy

The law aims to provide healthcare to millions of poor citizens in a major overhaul of a two-tier system, which still reflects deep racial and social inequalities three decades after the end of white minority rule. Johannesburg: South Africa’s President Cyril...
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