BRIAN KANTOR: How to drive the Road Accident Fund to success
Further slowing down the growth in RAF payouts is essential
The Road Accident Fund (RAF) has been much in the news of late, for the usual dispiriting reasons. The RAF is an important, tax-funded spender. It manages great complexity, with over R50bn of revenue and expenditure a year — a formidable amount that the National Treasury expects to increase at an annual average rate of 19% per year over the next three years, from R53.1bn in 2024/25 to R89.7bn in 2027/28.
As a social service, the RAF and its R50bn-plus bill can be compared favourably — perhaps unfavourably — with other kinds of tax-funded expenditure. The old age grant now runs at R117bn, and the child support grant at R90.4bn, in an annual social development budget of R422bn...
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.