Sasria’s posts a 34% rise in profit to R4.47 billion in 2024/25

Loading player...
GUEST: Mpumi Tyikwe – Chief Executive, Sasria

South Africa’s state-owned special risk insurer, Sasria, is proving that recovery after crisis is possible and sustainable. After suffering a record R24 billion loss during the 2021 unrest, the insurer has staged a powerful rebound, posting a 34% rise in profit to R4.47 billion in 2024/25 and rebuilding its reserves to R18.6 billion.

Sasria CEO Mpumi Tyikwe joins us to discuss how the insurer has strengthened its balance sheet, reduced reinsurance costs, and positioned itself to absorb catastrophe claims of up to R20 billion without government support. But beyond the numbers, Tyikwe warns that emerging social and political risks from illegal mining and coalition instability to unemployment-driven protests remain major challenges.
4 Nov 4PM English South Africa Business News · Investing

Other recent episodes

Tech & Innovation: PayJoy Broadens Access to Smartphones in SA

GUEST - Shaun Durandt, Head of Business Development for PayJoySouth Africa In a world where smartphones are the new gateway to opportunity, access remains a challenge for millions of South Africans. Despite widespread mobile connectivity, only 47% of devices in use locally are smartphones leaving a significant portion of the…
4 Nov 4PM 18 min

Automotive Industry Braces for Possible Strike Action

South Africa’s auto manufacturing industry could be heading for disruption as wage talks between employers and the National Union of Metalworkers of South Africa (NUMSA) reach a stalemate. On Kaya Biz, Phakamile Hlubi-Majola, NUMSA spokesperson, joins the show to unpack the union’s stance amid deadlocked negotiations. Employers have tabled a…
4 Nov 4PM 8 min

Gold’s recent outperformance and the investor behaviours it has triggered

GUEST – Liam Dawson, Portfolio Manager at PortfolioMetrix Despite gold’s recent stellar outperformance, investors are being urged to temper their expectations. In its latest Quarterly Investment Insights report, "GOLD: All that glitters," PMX Asset Management has analyzed the metal's price surge but challenged the fundamental belief that gold is a…
4 Nov 4PM 17 min

JSE Welcomes Global Fintech Leader Optasia

GUEST: Maurice Madiba – Head of Primary Markets, Johannesburg Stock Exchange (JSE) The Johannesburg Stock Exchange has officially welcomed Optasia, a global leader in AI-powered financial technology, marking one of the largest fintech listings in JSE history. With an implied market capitalisation of R23.5 billion and strategic backing from FirstRand…
4 Nov 4PM 13 min

Optasia officially lists on the JSE.

GUEST: Salvador Anglada – CEO of Optasia A major milestone for Africa’s fintech story Dubai-based Optasia has officially debuted on the Johannesburg Stock Exchange (JSE) after a R6.5 billion initial public offering, priced at R19 per share and several times oversubscribed. The listing gives the AI-powered fintech group a market…
4 Nov 4PM 11 min