The South African Insurance Association (SAIA) is the representative body of the short-term insurance industry. It represents the industry to all relevant stakeholders to ensure a sustainable and dynamic industry. SAIA has 59 members, comprising all categories of short-term insurers, including reinsurers. Its members abide by the SAIA Code of Conduct, which ensures adherence to best-practice industry standards and self-regulation.
To promote and represent the interests of the short-term insurance industry, while leading and enhancing the efforts of the industry to become recognised and trusted as an important contributor to the South African economy and society.
The South African Insurance Association, the representative body for the short-term insurance industry says yesterday’s foreign-currency rating downgrade to BB+, the first level of sub- investment grade by Standard & Poor Global Ratings is of grave concern, as it has immediate, far-reaching and long-term negative implications for the economy and the society at large.
The Business for Road Safety (BRS) Forum is urging all road users to be vigilant on the road and to obey traffic rules in the lead up to the long Easter weekend. Traffic volumes are expected to increase across the country as holiday-makers travel to various destinations.
There is little doubt that the recent cabinet reshuffle and credit rating downgrade announcement has brought a lot of concern for many South Africans, the far-reaching effects of which will be felt by the economy and society at large for some time. It is important that all leaders in government, business, organised labour and civil society, who have the interest of our country and all its citizens at heart, stand together to ensure that South Africa is on the right path to achieve a stable and sustainable political, social and economic environment for all South Africans.
