SABC News | Sport | TV | Radio | Education | TV Licenses | Contact Us
 

Special Report Transcript Episode 71, Section 4, Time 40:41

An unexpected source of revenue has been suggested by the Afrikaanse Handelsinstitituut [Afrikaans Chamber of Commerce]. They proposed that the TRC and the government fund the reparation and rehabilitation process by dipping into the billions of rands in the South African security risk insurance fund, also known as the SASRI fund. // The SASRI fund is about R9 billion strong and it was set up in the apartheid era to cover the risk of political riots and other insurance which could not be obtained in the market. I think it was never expected that there would be a surplus in this fund, but the premiums that came in far exceeded whatever payments were made out. And now this huge pool of funds has accumulated, it’s earning interest, every year it’s growing.

Notes: Max du Preez; Theo van Wyk (President AHI)

References select each tab to search for references

TRC Final Report
Volume SIX Section TWO Chapter FIVE Reparations and the Business Sector ■ INTRODUCTION 1. Information received from the business and labour hearings indicated that: ‘Business was central to the economy that sustained the South African state during the apartheid years’.69 The Truth and ...
 
SABC Logo
Broadcasting for Total Citizen Empowerment
DMMA Logo
SABC © 2024
>