Themba Baloyi: only 36% of road cars insured, 5,000 lives lost since April

Loading player...
The Executive Director of Discovery Insure Themba Baloyi spoke to Tim Modise about the high fatality rates in South Africa. Over 5,000 lives have been lost on South African roads since April. Baloyi says taxis, who transport 65 per cent of road users, contribute 15% of the fatalities compared to private motorists who contribute 50 per cent. He suggests that insurance companies can help improve the situation if all motorists were compelled to insure their vehicle. Currently, only 36 per cent of all vehicles on South African roads are insured. Learn more about your ad choices. Visit megaphone.fm/adchoices
23 Sep 2015 5AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: US strikes on Iran lift oil; NATO deals, SA auto subsidy; Farage quits

In today’s episode, we cover the surge in oil prices following US airstrikes on Iran. We also review $50 billion in new defense deals from the NATO summit in Turkey. Locally, experts unpack the DA’s internal credibility crisis and controversial cabinet appointments, alongside the reality of South Africa's R40 billion…
7 Jul 11PM 17 min

Solly Moeng on South Africa's corruption crisis

In his latest interview with Chris Steyn, Solly Moeng, blasts President Cyril Ramaphosa for his appointments of Ayanda Dlodlo as Ambassador to France and Dina Pule to Cabinet. “...the ANC still looks in its own dustbin of people they've thrown in the past to say, OK, maybe this one, people…
7 Jul 7AM 23 min

Herman Mashaba on Johannesburg's bankruptcy and his Mayoral comeback

ActionSA president Herman Mashaba reveals what Johannesburg's current mayor told him in a private phone call about why the city can't pay its bills. He also breaks down the Cape Town mayoral race, the anti-immigrant protests spreading across South Africa, and why he won't speak to Helen Zille directly. With…
6 Jul 6AM 24 min