Road Accident Fund's financial crisis persists despite reforms
WEB3 days ago · The Road Accident Fund (RAF) continues to battle severe financial and operational difficulties, despite ongoing efforts to stabilise the organisation. In its latest 2023-2024 financial report, the fund revealed that while some progress has been made, deep-rooted challenges remain, threatening the long-term sustainability of the fund.
Auditor-general reports on RAF as its deficit nears R24bn
WEB1 day ago · The auditor-general’s office has raised serious concerns at parliament over the financial statements of the Road Accident Fund (RAF), which remains in the red with an accumulated deficit of R23.9bn.
RAF reports R45.1bn claims have been paid out - SowetanLIVE
WEB4 days ago · Road Accident Fund CEO Collins Letsoalo briefing the media on the fund's performance, September 16, 2024. The Road Accident Fund (RAF) has paid out R45,1bn in claims in the 2023/24 financial year ...
RAF records a R1.6 billion deficit in the 2023/24 financial - SABC News
WEB4 days ago · The Road Accident Fund (RAF) has recorded a deficit of R1.6 billion in the financial year 2023/24. The fund says this is due to the three consecutive years of no fuel levy increases. RAF CEO, Collins Letsoalo says the executive team inherited a fund with a multitude of challenges. But, the fund is ...
'It's not true RAF is imploding': CEO dismisses delaying payments …
WEB4 days ago · The Road Accident Fund (RAF) has hit back at criticism that the RAF was clogging up the courts and delaying payments of accident claims. RAF held a media briefing regarding the outcomes of the ...
Big changes coming for the Road Accident Fund in South Africa
WEBSep 8, 2023 · The Department of Transport has gazetted the draft Road Accident Fund Amendment Bill, 2023 for public comment. The draft bill contains a host of proposed changes to how the Road Accident...
SIU probes cancelling of RAF attorneys - IOL
WEB1 day ago · The decision by the Road Accident Fund (RAF) to cancel a panel of attorneys that represented the entity in court proceedings without plan has come back to haunt it. There has been an increase in ...
High Court orders Road Accident Fund to pay costs in contempt …
WEBApr 15, 2024 · The financially distressed Road Accident Fund (RAF), which has a backlog of 321 000 claims, and its chair and CEO have avoided being declared to be in contempt of a high court order for...
Home | Road Accident Fund - RAF
WEBThe Road Accident Fund (RAF) provides appropriate cover to all road users in South Africa, compensating persons injured as a result of motor vehicle accidents.
Transport Minister Barbara Creecy demands a plan from RAF …
WEB5 days ago · 5 min. Transport Minister Barbara Creecy has called on the Road Accident Fund (RAF) board to develop a plan to decrease the backlog of cases currently clogging the court roll in the Gauteng ...
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