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The cost of looting in SA: R7 to R10-billion, counting…

The cost of looting in SA: R7 to R10-billion, counting…

CLAIMS for damage and theft from businesses affected by civil unrest in South Africa are likely to be between R7- billion rand and R10-billion rand, the head of the only insurer covering political violence in the country told Reuters. Days of riots and looting have left more than 70 people dead, hurt thousands of businesses and damaged major infrastructure in some of the worst civil unrest in decades. Triggered by the jailing of ex-president Jacob Zuma last week after he failed to appear at a corruption inquiry, it has widened into an outpouring of anger over poverty and inequality. Sasria,…
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