Sasria SOC Ltd

Contact Details

Physical: 36 Fricker Road, Illovo, Sandton, Johannesburg, 2196
Postal: PO Box 653367, Benmore, 2010
Tel: 011 214 0800 / 086 172 7742
Fax: 011 447 8630 / 086 172 7329


The vision of Sasria SOC Ltd is to protect the assets of all South Africans against extraordinary risks. Sasria is a state-owned company and the only short-term insurer that provides cover to all the people and businesses that have assets in South Africa, as well as to government entities, against special risks such as civil commotion, public disorder, strikes, riots and terrorism.

Sasria has a dual mandate – a legislative mandate that directs its day-to-day business operations, and a broader strategic mandate, like any other business in South Africa, to make a positive contribution to transforming its industry and its country, in order to make its country a better place for all people.

Office Bearers/Management

Mr MA Samie
Chief Executive Officer
Mr C Masondo

Mr Mohammed Adam Samie
Deputy Chairperson:
Mr Ranti Mothapo
Board Members:
Mr Cedric Masondo (Managing Director)
Ms Tando Mbatsha
Ms Bulelwa Jeanie Mkangisa
Mr Ranti Mothapo
Ms Tshwarelo Moutlane
Mr Jayaseelan Manickum Nair
Ms Margaret Octavia Ndlovu
Mr Herman Schoeman
Chief Executive Officer:
Mr Cedric Masondo (Managing Director)
Chief Financial Officer:
Ms Philippa Viljoen (Acting Financial Director)
Senior Management:
Ms Fareeda Benjamin (Executive Manager: Insurance Operations)
Ms Suzanne Harrop-Allin (Chief Risk Officer)
Ms Thokozile Mahlangu (Executive Manager: Stakeholder Management)
Ms Rose Mathafena (Executive Manager: Human Capital)
Mr Mziwoxolo Mavuso (Executive Manager: Governance and Company Secretariat)
Communications Officers:
Andiswa Madolo (Marketing Manager)

Financial Information

All Financial Values: R'0002015/162014/152013/142012/13
AUDIT OUTCOMEClean AuditClean AuditClean AuditClean Audit
Current Assetsn/an/an/an/a
Non-Current Assetsn/an/an/an/a
Total Assets6 597 9256 058 8985 478 7315 101 366
Current Liabilitiesn/an/an/an/a
Non-Current Liabilitiesn/an/an/an/a
Total Liabilities1 225 3891 007 276832 0151 033 291
Total Net Assets5 372 5365 051 6224 646 7164 068 075
Total Revenue2 030 9491 503 8661 665 3681 362 182
Revenue from Exchange Transactionsn/an/an/an/a
Revenue from Non-Exchange Transactionsn/an/an/an/a
Total Expenditure(1 526 830)(893 182)(979 441)(1 004 556)
Employee Costs(57 734)(48 709)(41 616)(27 690)
Surplus/(Deficit) for Year504 119610 684685 926357 625
Net Cash Flows from Operating Activities818 402721 525557 5261 055 445
Net Cash Flows from Investing Activities(212 652)(411 469)(461 915)(604 114)
Cash & Cash Equivalents at End of Year1 767 1111 344 5661 240 2881 251 964
Unauthorised Expenditure---n/a
Irregular Expenditure---n/a
Fruitless & Wasteful Expenditure123--n/a
Posts Approvedn/an/an/an/a
Posts Filledn/a5653n/a
SourcesAnnual ReportAnnual ReportAnnual Report n/a
NoteNot audited by AGSA. Independent Audit ReportNot audited by AGSA. Independent Audit Report.Not audited by AGSA. Independent Audit Report.Not audited by AGSA. Independent Audit Report.

Overseeing Department/Entity

Annual Reports

The information in this directory is supplied and/or externally sourced and is also subject to continual change. If you notice any errors or omissions, please contact us at so that we can correct them.
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