South Africa’s most profitable insurer has been fined for unlawfully paying Eskom R600 million to assist with its serious liquidity problems.
Escap, the power utility’s"captive" short-term insurer which relies on Eskom for most of its premium income, made the dividend payment in 2021., which was already investigating Escap for six other contraventions of the Insurance Act, imposed a R5 million fine after concluding that the board’s decision to declare a dividend was based on an overstated solvency position.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month.
_Business Eskom is a corrupt ANC puppet where ANC steals their money from
_Business WhatsApp me +27812619602 1,money in your account same day 2,relationships or family problems 3,financial problems 4,bring back lost lover same day 5,pregnancy problems
_Business Why dont you name the insurer?
_Business Arrests must also follow otherwise corruption will never end
_Business Beg steal and borrow money which does not exist. Bantu logic. See Africa demise on poverty. It's the Bantu African thong to do.
_Business Fusek.
_Business Name and shame the insurer, do it now!
_Business Could someone tell me who the insurer is, please? The article is not showing and I am not going to pay money to read it.
_Business 🙄