In July of 2021, a deadly spree of violence and looting engulfed the South African provinces of KwaZulu-Natal and Gauteng during which at least 330 people were killed and thousands of businesses were destroyed. In total the looting cost 2.5 billion rands in stolen goods and damaged assets, with a loss of around 650 million rand after insurance proceeds. Considering this occurrence: explain risk financing and risk management to ease the above financial strain that businesses suffered.