Insurance companies in South Africa are fixing potholes, sponsoring fire brigades and directing traffic in an attempt to lower payouts and lure new clients
JOHANNESBURG— as the country’s government increasingly struggles to provide vital public services.
amid the coronavirus pandemic have eroded the finances of South Africa’s municipalities and state-owned companies that are responsible for repairing infrastructure and providing essential services. With their unusual activities, South African insurers are joining other private companies in taking over public services, such as security, healthcare, education and mail delivery, in a country that the World Bank ranks as the most unequal on earth.
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