Kidnapping for ransom – part four: insurance inquiries on the rise
Usually for corporates only, families are now signing up and ‘we have seen ransoms vary from R1m and R76m’
24 February 2022 - 19:38
TimesLIVE Investigations found South African kidnapping-for-ransom syndicates emerged after gaining experience from their Mozambican counterparts, who started the scourge.
A surge in SA’s kidnappings for ransom has business owners and companies flocking to insurance firms for financial surety.
Insurance and risk analysis companies say SA’s skyrocketing kidnappings are driving the increase in demand for ransom insurance...
This article is reserved for Sunday Times subscribers.
A subscription gives you full digital access to all Sunday Times content.
Already subscribed? Simply sign in below.
Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.
Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.