South African Insurance Association's Mosidi Shomang on #Progressive Talk

The government of South Africa has recently eased the restriction of lockdown and moved the country to level 3. This meant that more businesses could re-open and start operating. However, there are a number of businesses that are still prohibited from operating. Even though the country is being moved to level 3, most policyholders are still facing the financial challenges and impact brought about by the total lockdown which caused many to go without salaries or reduced earning. Policyholders are continuously looking at cutting expenses to be able to survive and restructuring their spending patterns. Policyholders may consider reducing their spending on insurance premiums, like all other expenses.South African Insurance Association's Mosidi Shomang engages with us on how to manage your insurance during lockdown and the financial impact caused by the lockdown.