Massive hailstorm hits parts of Joburg – How will the insurance industry respond to this?

Loading player...
GUEST – Funeka Ngewu, Head of Executive Claims and Claims Support at Momentum Insure

A massive hailstorm hit several parts of Joburg - damaging properties, cars, municipal infrastructure and leaving roads covered in a pile of hail. YOUR INSURANCE COMPANY advises you to move your vehicle undercover, as a storm with a risk of hail is imminent in Johannesburg (CBD).

You may have been receiving these types of SMSes of late, following severe hailstorms in Gauteng in the past, that damaged thousands of vehicles and caused claims running into millions of rands. In recent times, insurers generally have also embraced social media platforms such as Twitter as a means to inform clients of pending weather risks and to reduce their own exposure.

But where do these warnings leave clients who are unable to move their vehicles to safety, or who ignore the warning
14 Nov 2023 3PM English South Africa Business News · Investing

Other recent episodes

Tracking South Africa’s Reform Agenda

Econometrix Chief Economist Dr. Azar Jammine breaks down the latest Operation Vulindlela progress report. We explore where reforms are gaining traction—from energy restructuring to freight logistics—and where bottlenecks remain.
28 Apr 3PM 20 min

Is SA’s Construction Sector Turning?

Economist Dr. Roelof Botha analyzes the latest Afrimat Construction Index alongside Operation Vulindlela’s reform dashboard. With construction activity rising for a second quarter, we ask whether reforms in energy, logistics, and water are finally translating into real‑world infrastructure momentum.
28 Apr 3PM 13 min

Making B‑BBEE Work for Growth

NEF General Counsel Karishma Govender joins us to unpack new research on managers’ perceptions of B‑BBEE. We explore why transformation remains essential.
28 Apr 3PM 8 min

Inside the SpendTrend26 Report

Discovery Bank CEO Hylton Kallner joins Kaya Biz to unpack the SpendTrend26 report, revealing how South Africans are becoming more disciplined, more digital, and more value‑driven.
28 Apr 3PM 17 min

Long‑Term Investing in Uncertain Markets

With global conflict, inflation swings, and rapid AI disruption, investors are feeling the pressure. Horacia Naidoo‑McCarthy from Allan Gray explains how to avoid emotional decision‑making, anchor to fundamentals, and maintain long‑term discipline when markets feel unfamiliar and unpredictable.
28 Apr 3PM 12 min