The level of local unemployment could spark a repeat of the carnage and violence that took place in July 2021, according to the South African Special Risks Insurance Agency (Sasria).
Sasria bore the brunt of insurance claims from the turmoil two years ago which was mainly focused on Gauteng, KwaZulu-Natal and Mpumalanga.
Amid high levels of youth unemployment and load-shedding, the niche insurer has joined a growing number of commentators who have warned that the country’s unsolved challenges heighten the risk of another uprising.
“The things that are on my mind are load-shedding, less grid failure but load-shedding ... if it can go on for a sustainable period it would be a worry. The biggest worry is youth unemployment ... the youth are sitting and idling,” Sasria chief executive officer, Mpumi Tyikwe, said.
