Collenette said the measure would give those affected time to reassess the global insurance market situation and develop more long-term solutions.

CNN: Canada to aid airlines, airports with insurance

Instead of domestic politics the market will return to being driven by the "global situation" currently affecting finance markets, he added.

BBC: Resignations shake up SA markets

Meanwhile, although other global markets have reacted quite negatively to the situation, the U.S. market hit a new bull market high just three weeks ago, and although more volatile since, is down only 6% from that high.

FORBES: Markets Pass Through Eye Of The Storm