Escape 4 Africa Travel SATSA Bonded
We have great news, we have been received our SATSA Bonding. Out membership number is 1712.
SATSA is the Southern Africa Tourism Services Association and is the driving force behind improving standard of tourism in South Africa. The bonding scheme is a protection for clients against companies going into liquidation.
“Our bonding scheme is a kind of insurance policy which covers inbound foreign tourists against a possible loss of deposits paid to SATSA members – tourism operators, car rental companies, service providers, accommodation providers and the like – should such a member go into involuntary liquidation,” says Tatalias. He added that without such a bond in place to protect a clients deposits, clients could lose substantial amounts
of money.
Says Tatallias, So far tourism bonding schemes in existence abroad are all government sponsored and are designed to protect the interests of tourists who contract with outbound travel agents. The South Africa bond covers both members of the public and any SATSA member who places business with any other SATSA member. Payments may have been in the form of paying a deposit, for accommodation, car rental or for a tour with a SATSA member.
“Should a SATSA member who is a South African tourism business operation run into financial problems, the bonding scheme allows the client to claim back his deposit without having to prove in a court or to the liquidator whom or what he paid, but simply to produce the relevant documentation to SATSA.”
The SATSA bonding policy carries an indemnity of R1 500 000 per premium cycle (per premium year or part thereof) limited to a maximum of R300 000 per incident. The scheme is underwritten by Lombard Insurance and certain underwriting syndicates at Lloyds of London and is administered by SATSA.
More than ever before it is important to make use of the bonded services of SATSA members for secure holiday bookings in South Africa.
Andrew Walton