Question NW4032 to the Minister of Communications
15 December 2015 - NW4032
Van Dyk, Ms V to ask the Minister of Communications
With reference to her reply to question 2306 on 18 September 2015, (a) what amount is paid in each month to the insurance fund and/or contingent liability fund that covers executive directors of the SA Broadcasting Corporation, (b) who pays the specified amounts and (c) with which insurance company is the fund?
Reply:
The SABC does not have a “Fund” for Insurance. Policies are renewed on an annual basis and premiums are paid accordingly (annually). Every year with renewal SABC makes use of a Tender process to appoint different insurers for different risks depending on rates and best cover offered. SABC’s Directors And Officers Liability policy is currently with Allianz Insurance Company and our policy limit is ZAR100,000,000 and the premium payable was R536,842.00 (Excl VAT)
MR NN MUNZHELELE
DIRECTOR GENERAL [ACTING]
DEPARTMENT OF COMMUNICATIONS
DATE:
MS AF MUTHAMBI (MP)
MINISTER OF COMMUNICATIONS
DATE: