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As we ramp up towards an important municipal election year, the socio economic situation in South Africa is becoming tense as service delivery strikes and protests increase. This is putting significant stress and strain on Sasria which exists to cover the public against these types of perils. While the frequency of strikes and protests has intensified over the past year, the state run insurer is doing its best to provide a world class service.
South Africa has had a very tough year economically. Not only is it coming to terms with an increasing public wage bill, it also had to deal with the fact that the rest of the world (with the exception of Greece and Brazil) are recovering nicely from their economic slumps. This has meant bad news for the Rand as it continues it’s nose-dive towards depreciation.
As tax season closes, government is counting the pennies and factoring into their calculations the financial wellbeing of the state. Over the past few years, we have heard the age old story of the budget being a fine balancing act, but have we overcome this to finally tread the line towards prosperity?
We are all aware of the current state of the South African medical care industry. Recent reports regarding the public healthcare system highlights the fact that medical cover is becoming a necessity in order to ensure that you receive the best hospital care possible.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?