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Money matters and financial services

Special

Insurer donates R2 million to assist

drought-stricken producers

S

outh Africans from all walks of life have stepped forward

in recent months to assist producers impacted by the

prolonged drought affecting large parts of our country,

with initiatives ranging from water collection to the supply

of feed to hard-hit areas.

In a bid to boost the embattled agricultural sector, leading short-

term insurer Santam has donated R2 million to help alleviate

the financial hardship faced by both commercial producers and

emerging farmers.

In an announcement at Agri SA’s 2016 Commodities Congress,

Santam head of Agriculture, Mr Gerhard Diedericks, said the dona-

tion would be made to the National Drought Disaster Relief Fund

managed by Agri SA.

The contribution will benefit not only members of South Africa’s

four agri industry bodies, but will include emerging farmers not

belonging to any organisation. Those that are most in need of

assistance will be prioritised.

‘The persistent drought continues to have a knock-on effect on the

local economy and threatens the long-term food security of our

country. Producers and communities dependent on the agricultural

sector for their livelihoods are bearing the brunt of this crisis. For

Santam, lending support to both individual producers and farming

groups is simply the right thing to do,’ Diedericks said.

He added that they would continue to assist the farming com-

munity in managing the risks endangering the sustainability of

agricultural resources. ‘As the oldest insurer in the sector, with over

85 years of extensive experience in dealing with the highs and lows

of agriculture, we understand the role producers play in ensuring

the stability of food security.

‘Santam will continue to work with industry partners, brokers

and organisations within the agricultural sector to meet the

challenges that lie ahead. Collectively we need to do much more

to assist our struggling farming communities, and we urge our

counterparts to show their support and contribute to this critical

cause,’ Diedericks concluded.

About Santam

Santam is South Africa’s leading short-term insurance group with

a market share in excess of 22%, over 4 000 staff members and

4 500 broker partners nationwide, and MiWay as a direct insurer.

The company insures most of the Top 100 companies listed on

the JSE.

Santam’s competitive advantage is entrenched over 96 years of

offerings its clients a wide range of short-term insurance products

that have been scientifically modelled to suit their needs as well

as having the highest claims efficiency in the industry. The company

is recognised by its peers as having the most technically compe-

tent staff.

Santam has made a R2 million donation to the National Drought

Disaster Relief Fund to assist producers and farm communities in

need. Gerhard Diedericks presented the cheque to Minister Bheki

Cele (deputy Minister of Agriculture, Forestry and Fisheries), Phenias

Gumede (deputy president: Agri SA) and Johannes Möller (president:

Agri SA).

35

May 2016

Product information

SANTAM