EDITORIAL: An accident fund on the road to nowhere
The Road Accident Fund is a big problem in the making
11 December 2020 - 05:02
For the past several years the Road Accident Fund (RAF), a state-owned insurance scheme that provides compensation to victims of car crashes, has been painting a picture of steadily deteriorating financial health.
The 2019/2020 annual report was no different. The fund is sitting on a hefty R330bn in claims liabilities that it cannot immediately pay because it does not earn enough money from a levy on the price of fuel to cover its expenses...
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.