EDITORIAL: Promising moves but RAF is not out of woods
Cutting down legal fees and bolstering accounting processes have put the Road Accident Fund in a better place
10 June 2021 - 05:10
By any measure, four decades is a long time for any organisation to be running on fumes. Somehow, the Road Accident Fund, a state-owned insurance scheme that provides compensation to victims of car crashes, has managed to do just that.
The fund, which is housed in Fikile Mbalula’s transport department, reported a surplus on its claim liabilities for the first time since 1981 in the financial year to the end of March compared with the previous year. ..
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