The Western Cape has experienced great rains this year and their biggest dam, Theewaterskloof, which was at 10.6% on the 27th March last year is now at 72.1%. There has been a lot of rain in the Cape and as the rest of South Africa approaches its own rainy season, we urge all our insureds
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Fuel Retailer Guarantees
Fuel Retailer Guarantees In South Africa, by law, petrol cannot be purchased on credit by a fuel retailer. Fuel companies, such as Sasol Oil, BP Southern Africa, Total South Africa etc. can supply Fuel Retailers only on the following basis: Cash up front / Pre-payment, or Guarantee issued in favour of the fuel company to
Unemployment Up in all Nine Provinces
South Africa’s unemployment stands at 27.6% – the highest increase since 2017, according to statistics. Hardly surprising considering the current financial climate that has most South African companies and their employees facing some serious challenges. With our country beset with corruption scandals, mismanagement, high debt levels and an ever-shrinking economy the forecasts are rather gloomy.
The Times They Are A-Changin’
If Bob Dylan were to update the title of his song, he would change it to “The climate they are a changing”. In the 2018 Atlantic hurricane season, there were 15 named storms, 8 hurricanes and 2 major hurricanes causing losses in excess of USD 50 billion. Thus, making it the third consecutive above-average season
I’m not old – I am a Classic!
The first car to be imported into South Africa, around 1896, was a Benz “Velo” (this was before Karl Benz merged with Gottlieb Daimler to create Mercedes Benz in 1928) and all the spectators were charged 2 shillings and 6 pennies to view this magnificent machine. Regrettably, it became the first car in South Africa