The Actuarial Society of SA is committed to serving the public interest by using the voice of the actuarial profession to bring much-needed balance and perspective on issues that potentially have a long-term impact, financial and otherwise, on South Africans. The proposed replacement of the Road Accident Fund (RAF) by the Road Accident Benefit Scheme (RABS) is one such public-interest matter. The society provided commentary on the RABS bill in 2014 and 2017 and also presented to the portfolio committee on transport in parliament in 2018. The provisions of the bill are based on the recommendations of the Road Accident Fund commission, chaired by judge Kathleen Satchwell, and a policy framework published in 2009 by the department of transport. The work of the commission spanned three years and resulted in comprehensive research nationally and internationally. The commission’s findings were presented in a comprehensive report, published in 2002, and include the following key recommenda...

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