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International

More than $25.77 billion at risk in South Africa from disasters: Lloyd's

September 08, 2015 Reprints

A city risk index by Lloyd's of London has found that over 360 billion South African rand ($25.77 billion) is at risk from man-made and natural disasters in South Africa in the coming decade, reported Times LIVE.

Johannesburg faces ZAR 93.5 billion ($6.69 billion) in gross domestic product losses, the index found.

The greatest threats to the economies of South African cities are from market crash, catastrophes, cyber attacks and sovereign debt default.

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More than $25.77 billion at risk in South Africa from disasters: Lloyd's

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