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As economic pressures tighten, the South African Motor Body Repairers Association (SAMBRA), a proud association of the Retail Motor Industry Organisation (RMI), has noted a growing trend among vehicle owners choosing to accept upfront cash settlements from their insurers rather than paying the required excess and using an accredited repairer.
While South Africa’s electric vehicle market (EV) is still in its infancy, the sector has been in the spotlight recently with Eskom’s release of EVs into their fleet as well as the signing of a Memorandum of Collaboration (MoC) between the state utility and Chinese EV maker BYD, all last month.
Consumers are increasingly falling back on their short-term insurance as climate-related severe weather incidences increase and crime persists.
The latest Governance, Public Safety and Justice Survey has revealed that despite slightly improved perceptions of safety within South African communities, housebreaking and burglaries remain a key concern.
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?