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Santam working with fire management and local government to help communities manage risk.
As we settle in to a brand new year, we are all too aware of the financial constraints that consumers are facing. The average projected GDP until 2017 is only 3%, while consumers will need to fork out more on fuel price hikes, ever increasing water and electricity utility bills, high education costs and the rapidly increasing cost of living, especially on food stuffs.
The popular feeling amongst many Underwriting Management Agencies (UMAs) is that while 2014 did present some challenges, it was hardly as bad as they thought it would be. Many UMAs are looking forward to an exciting and positive 2015.
With the occurrence of load-shedding remaining seemingly undeterred in the New Year, businesses and commercial property owners must begin to face facts and realise the possible liability that may arise from these black-outs, which could be put upon their shoulders.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?