• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us

For all official information and updates regarding COVID-19, visit the South African Department of Health's website at www.sacoronavirus.co.za

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • SCI-TECH
  • LIFESTYLE
  • FEATURES
  • OPINION
Home Coronavirus

Santam makes R1-billion available to help SMMEs in hospitality sector

26 July 2020, 9:18 PM  |
Manelisi Dubase Manelisi Dubase |  @SABCNews
Santam Group CEO Lizé Lambrechts.

Santam Group CEO Lizé Lambrechts.

Image: SABC News

Santam Group CEO Lizé Lambrechts.

The country’s largest short-term insurer Santam says the billion rand it has made available for its policyholders in the hospitality, leisure and non-essential retail services industries is mainly focused on small and medium-sized commercial policyholders. The company made the announcement on Saturday.

Scores of companies in these sectors are either on the verge of collapse, considering retrenchments or cutting wages.

Santam Group CEO Lizé Lambrechts says these companies are going through turbulent times, with debilitating liquidity challenges as a result of the coronavirus (COVID-19) lockdown.

“We are offering this relief because we acknowledge that the lockdown and the COVID-19 pandemic have had a devastating impact on our economy. After careful consideration of the situation, especially the unforeseen impact of the lockdown and the ongoing restrictions that are impacting businesses, we decided to assist with the substantial payment commitment to help sustain our policyholders in the most impacted industries.”

Finance Minister Tito Mboweni earlier told MPs that the dire economic climate demanded all hands on deck.

Santam immediately responded, saying it felt obliged to come to its clients’ rescue. The company says it will continue to play a supportive role to its policyholders during this time of anxiety and need.

The relief payments will be set at a minimum of R25 000 and a maximum of R1.5 million for individual policyholders. They will have to register a claim in order to qualify for the relief.

Share article
Tags: SantamCOVID-19
Previous Post

ANC icon honoured, described as ‘heroic leader of the struggle’

Next Post

Two Free State MECs test positive for COVID-19

Related Posts

[File Image] South African bank notes.

Rand strengthens as dollar slides, stocks jump

25 June 2022, 4:46 AM

CORONAVIRUS: Your daily update

24 June 2022, 9:39 PM
A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015.

JPMorgan to cover US staff travel costs for out-of-state abortions: Memo

24 June 2022, 9:25 PM

VIDEO: Eskom management briefs media on state of the system

24 June 2022, 1:10 PM
Power lines connect in a station.

Eskom implements Stage Four rolling blackouts

24 June 2022, 12:13 PM

VIDEO: Minister Ntshavheni briefs media on the progress of SA’s analogue switch-off

24 June 2022, 11:42 AM
Next Post
COVID-19

Two Free State MECs test positive for COVID-19

Most Viewed

  • 24hrs
  • Week
  • Month
  • EMS says fire at Bree Street Taxi Rank in Johannesburg has been extinguished
  • The public has until 18 May to make submissions on Icasa’s regulations for extension of expiry period for data, airtime
  • ANC NEC expected to hold a special meeting on Sunday
  • Eastern Cape flood victims plead for support as access to food, services remains difficult
  • Amathole Regional Secretary elated to have corruption charges against him dropped
  • South Africans no longer required to wear face masks indoors
  • South Africans to brace for another Petrol price hike
  • More COVID-19 restrictions could be lifted including the wearing of masks
  • Video: Illegal immigrants arrested entering SA through fire hydrant at O.R. Tambo airport
  • First case of Monkeypox detected in South Africa
  • Mosimane alleges sabotage from CAF President Patrice Motsepe
  • SANTACO and NTA calls on COSATU to join the national shutdown over the hiking fuel prices
  • 18-year-old Durban woman defrauded of inheritance left by late father
  • NTA yet to decide whether to support calls for national shutdown amid fuel price hikes
  • South Africans no longer required to wear face masks indoors

LATEST

  • South Africa
  • Sci-tech

Western Cape Health announces integration of clinics and healthcare services


Chief Justice Zondo handing over the final state capture report to President Ramaphosa
  • South Africa

State capture report failed to answer important questions, analyst


MM Sebitloane and Resource School
  • South Africa

Former learners with learning disabilities empowered and employed by MM Sebitloane Special school in Taung


  • World

Protestors have the first say as G7 Summit opens in Germany


Ducati's Francesco Bagnaia
  • Sport

Ducati’s Bagnaia secures second straight pole in Assen


The Pumas celebrate their first Currie Cup final and win
  • Sport
  • Rugby

Pumas defy odds to be crowned Currie Cup champions


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2022

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • SCI-TECH
  • LIFESTYLE
  • FEATURES
  • OPINION

© 2022

Previous Andrew Mlangeni ANC icon honoured, described as ‘heroic leader of the struggle’
Next COVID-19 Two Free State MECs test positive for COVID-19