Answered

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Use the following information of Information of Kgadi Properties to answer the question below:
Building name Location Property Value Content Value
Building A South Africa (Gauteng) R8 million R1 300 000
Building B Zimbabwe (Harare) R3 million R500 000
Building C Namibia (Windhoek) R9 million R960 000

Additional Information
1. The latest risk assessment report of Kgadi Properties indicates that existing control measures could salvage the buildings and the contents as follows:
Building A 68%
Building B 85%
Building C 76%
2. The shareholders of Kgadi Properties are concerned by the role of the South African government and other SADC countries in the Russia and Ukraine war.
3. Building and content amounts are shown in rands values because it is a reporting currency of Kgadi Properties.

Question
Calculate Estimate Maximum Loss (EML) if the building in Namibia burned due to veld fires. The content of the building was not affected due to timely intervention by government services.
a.R9 729 600
b.R7 800 000
c.R9 000 000
d.R9 230 400

Sagot :

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