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Businesses take $69-million hit from protests, riots

Posted On: Apr. 25, 2019 6:00 AM CST

South Africa riots

The South African Special Risk Insurance Association SOC Ltd. said that local businesses suffered about 1 billion South African rand ($69 million) in losses due to protests and riots between April 2018 and January, reported. Malesela Maupa, an official at South Africa-based FNB Insurance Brokers, called on local small and medium-sized enterprises to buy protection against civil commotion, public unrest, strikes, riots and acts of terrorism ahead of national elections in May.

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