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With rising concerns about global warming and a push toward ethical underwriting, mining companies operating in today’s landscape are facing a unique set of insurance challenges.
After a slow start to the 2018/19 summer crop season with severe dryness during December 2018 in the growing areas particularly in parts of the North West and the Free State, conditions rebounded early in January 2019 as good rains provided the much-needed moisture for planting. Farmers proceeded to plant and although some have reportedly planted beyond the planting window in the west which put them at risk of frost damage.
Amidst a persistently tough economy, companies continue to battle cash flow conundrums. This is exacerbated by ‘bad debtors’ – in fact, late payments and insolvency are two of the most commonly cited causes of long-term damage to business growth.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?