JOHANNESBURG – National Treasury will be disbursing R3.9-billion to state-owned insurer, Sasria.
Sasria is looking to cover claims related to the July unrest in parts of KwaZulu-Natal and Gauteng.
The Treasury says the funds are intended to assist Sasria in meeting its obligations until the end of the financial year, in March.
Last month, Sasria had indicated that it would need more than what the Treasury is willing to disperse.
The Treasury highlights that the final additional support is dependent on how quickly Sasria can finalise the total claim amounts.