RAF has a backlog in the billions, but executives might get 30% bonuses
Documents in possession of the DA reveal that the Road Accident Fund (RAF) has proposed to its board that a 30% bonus be given to its executives‚ MP Manny de Freitas said on Friday. "Additionally‚ it is proposed that all staff at the RAF receive bonuses far above inflation‚" he said in a statement. "This despite the fact that the fund is bankrupt and currently unable to pay road accident victims. While thousands of road accident victims are being denied their claim monies‚ executives are about to receive astronomical bonuses." See an excerpt of the document here: De Freitas said he would ask Transport Minister Joe Maswanganyi to investigate the proposed bonus pay-outs. In February‚ the RAF announced it was unable to make pay-outs to its claimants after the sheriff of the court attached its bank accounts. Business Day reported this following an R11m demand by law firms for unpaid claims. In March‚ the National Union of Metal Workers of SA asked the Public Protector to investigate how...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.