Transport department and Treasury silent on sudden death of road accident bill
The RABS Bill had proposed a no-fault scheme in which liability would not have to be proved and all claimants would be paid on the basis of social solidarity
12 November 2020 - 16:58
The Treasury and the department of transport say they have no comment to make on the surprise decision by parliament to put a stop to reform of the Road Accident Fund (RAF), which is the government’s second-largest contingent liability after Eskom.
This is despite the risk posed to the country’s finances by the fund, which had a deficit of R262.1bn in 2019, projected to rise to R593bn in 2022/2023. In budget documentation, the Treasury has repeatedly flagged the RAF as one of the top risks to the country’s public finances..
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