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Business Unity South Africa

 BUSA represents South African business on macro-economic and high-level issues that affect it at the national and international levels. Our function is to ensure that business plays a constructive role in the country’s economic growth, development and transformation and to create an environment in ...
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South African Chamber of Business

 With wide-ranging changes taking place in South Africa, as well as internationally, business people will find it more difficult to operate in isolation and ensure survival. The chamber movement represented by the South African Chamber of Business (SACOB) and its almost 100 constituent chambers is a ...
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From The Glossary »

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Exposure:

This is the possibility of loss. It is criterion used in measuring the extent of a risk assumed by an insurer. From the statistical standpoint of rate calculation for short term insurance, exposure is the product of the amount of insurance at risk and the policy period expressed in years. For example, the exposure in the case of R1 000 payroll policy written for a year is R1 000 x 1, or R1 000; if written for six months, the exposure is R1 000 x ...
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