RAF’s balance sheet delivers a brutal reality check
The return to the GRAP accounting standard has put R452.4bn of liabilities back on the books – more than nine times the RAF’s annual income of R48.1bn.
#claimsbacklog
RAF pays R8.9bn in quarter, but payment queue grows
From loss of earnings to plaintiff attorneys, the quarter’s figures offer a closer look at where the RAF’s money is going.
RAF interim board faces scrutiny amid executive suspensions and reform plans
Deputy Minister of Transport provides updates on plans for a permanent RAF board, the Road Accident Benefits Scheme Bill, and appointing a new CEO.
RAF management dismissed warnings as ‘negativity’ while claims crisis deepened
Internal alerts on soaring payouts and mounting claims were dismissed as ‘negativity’, allowing the RAF’s operational and financial crisis to deepen, SCOPA is told.
