President Jacob Zuma on Thursday delivered a message of support and offered condolences to those affected by the storm and fires in the Western Cape.
Waves of foam and seawater crash into Three Anchor Bay in Cape Town on June 7, 2017, as an intense storm hits South Africa's west coast. Santam, which on May 31 said underwriting results are under pressure, dropped as much as 2.9percent to its lowest level on a closing basis in nearly four months.
At least 150 properties have been destroyed in Knysna, according to the fire service.
Residents of Cape Town, South Africa's second-largest city, and other towns in the surrounding Western Cape province mopped up the damage on Thursday after a devastating storm that caused nine deaths, flattened hundreds of shacks and downed power lines and trees.
Knysna municipal spokesperson Fran Kirsten said residents had also been evacuated from Belvedere‚ Brenton-on-Sea and Karatara outside Knysna‚ among other areas.
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"We'll have strong winds here in the Eastern Cape, but nothing to write home about", said Sampson.
The storm forced President Jacob Zuma, who was in Cape Town, to cancel a speech to an global media conference in Durban, a city on the Indian Ocean coastline, his office said.
The BBC reports from Cape Town that before the storm, there had been several interfaith meetings to pray for rain.