The Road Accident Fund (RAF) said on Thursday that it welcomed the additional R1.9bn in revenue it would receive from the increase to the fuel levy, saying it would use the funds to help address a backlog in claims. Finance Minister Pravin Gordhan announced on Wednesday that an additional 9c a litre would be added to the RAF levy, part of a broader 30c increase in the fuel levy. The increase in the RAF contribution, now at 163c a litre, would increase the RAF funds by 5.8% to R34.9bn a year. The additional funding from the levy would become available from July or August, RAF CEO Eugene Watson said in a statement, and would assist in reducing the volumes of finalised payments awaiting release. Earlier in February, the RAF said that R8.2bn in payments to 5,200 claimants "remained queued", and that under the current funding dispensation its mandate for compensating and rehabilitating those involved in road accidents remained unaffordable. The fund continued to engage with suppliers and...
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