The SABC does not have a “Fund” for Insurance. Policies are renewed on an annual basis and premiums are paid accordingly (annually). Every year with renewal SABC makes use of a Tender process to appoint different insurers for different risks depending on rates and best cover offered. SABC’s Directors And Officers Liability policy is currently with Allianz Insurance Company and our policy limit is ZAR100,000,000 and the premium payable was R536,842.00 (Excl VAT)
MR NN MUNZHELELE
DIRECTOR GENERAL [ACTING]
DEPARTMENT OF COMMUNICATIONS
DATE:
MS AF MUTHAMBI (MP)
MINISTER OF COMMUNICATIONS
DATE: