Road Accident Fund legal fees and payouts to be overhauled
Changes outlined by the transport minister are part of a five-year turnaround plan
Bringing the troubled Road Accident Fund (RAF) back to financial stability will require an urgent regulatory and operational overhaul, including the fast-tracking of claims and doing away with lump-sum payments to car-crash victims, transport minister Fikile Mbalula told MPs on Wednesday.
The regulatory and operational overhaul would focus on reducing the number of days it takes to process a claim from the current 1,475 days to 120 days. This will also reduce the need for litigation, thus cutting legal fees, which is a major cost burden for the fund, Mbalula said. He said the proposed changes to RAF operations were part of a five-year plan to turn around the entity...
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