
RAF drops audit fight as investigation into R1bn media contracts heats up
The Road Accident Fund has withdrawn its challenge to the Auditor-General and accepted adverse findings.

The Road Accident Fund has withdrawn its challenge to the Auditor-General and accepted adverse findings.

Parliament reiterates concerns about financial management and governance highlighted in recent audit outcomes.

Deputy Minister of Transport provides updates on plans for a permanent RAF board, the Road Accident Benefits Scheme Bill, and appointing a new CEO.

The Road Accident Fund’s former chief financial officer says even he struggled to understand why the Fund changed its accounting standard.

Treasury says the RAF must address its claims and payments processes, not try to manage its massive liabilities by changing accounting standards.

The Road Accident Fund board is taking steps to address deep-rooted governance and financial issues – from executive suspensions to tightening legal oversight – but Parliament is questioning whether it’s too little, too late.

Committee chairperson Songezo Zibi slams the Road Accident Fund’s leadership for dysfunction, defying court rulings, and turning oversight into a ‘mockery’.

South Africa’s score on the global Corruption Perceptions Index remains at a decade-low, reflecting persistent governance failures.

While the SIU distances itself from the leak, unanswered questions remain about why a lease allegedly approved by Treasury and audited without findings is now under scrutiny.

It says the RAF board and executives should be held personally responsible for the expenses incurred in the ‘irresponsible’ court action against the Auditor-General.