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Home / Posts tagged “#RAF”

#RAF

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Video interview: New mutual insurer enters the market

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2025 FPI Convention Highlights with Lelané Bezuidenhout and Ronald Matande

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Key compliance issues for FSPs in 2025/26

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Full Bench adds weight to challenges against RAF medical expense directives

Internal directives cannot displace court orders or long-standing principles governing compensation, says the Western Cape High Court.

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Transport pressed on whether RABS can deal with RAF’s legacy claims

Unless the Road Accident Benefit Scheme Bill is retrospective, it may fail to ease the Fund’s financial burden for more than a decade, warn MPs.

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The Road Accident Fund has withdrawn its challenge to the Auditor-General and accepted adverse findings.

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Staffing gaps deepen RAF’s legal and financial exposure

Severe understaffing in the Fund’s legal unit compounded years of governance failures and drove a surge in default judgments and rising claim costs.

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Letsoalo stand-off: SCOPA vs RAF’s former CEO

Parliament’s announcement that SCOPA will seek the Speaker’s approval to lay criminal charges against former Collins Letsoalo leaves South Africans waiting to see what will happen next.

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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.

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Acting CEO and CFO among four suspended RAF executives

SCOPA’s inquiry uncovers layers of dysfunction – from years-long paid suspensions and costly legal battles to questionable appointments.

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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.

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A puzzle of debt: former RAF CFO questions rationale for accounting shift

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

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SCOPA presses former RAF CEO for firm commitment to appear before inquiry

SCOPA has issued a final call for former Road Accident Fund CEO Collins Letsoalo to confirm his attendance at its oversight inquiry, warning that a subpoena may follow if he fails to commit.

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R1bn RAF media spend under scrutiny as SCOPA flags irregularities

SCOPA’s inquiry uncovers questionable procurement decisions, unexplained overspending, and gaps in oversight that demand a forensic review.

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SIU flags interference as SCOPA inquiry exposes governance and financial failures at RAF

The Special Investigating Unit has raised serious concerns over potential interference by the Road Accident Fund in its ongoing investigation.

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RAF inquiry | ‘You can’t fix liabilities through accounting’

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

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RAF commits to clearing backlog of outstanding claims

The interim board says the Fund will prioritise claims older than 180 days, estimated at more than R20 billion.

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R9.2m RAF claim crashes over tailgating and lack of proof

A High Court ruling shows that failing to keep a safe following distance – and failing to back up your story with solid evidence – can cost you your case as well as your claim.

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Medical schemes call on Parliament to order RAF to settle claims

The Health Funders Association asks the Standing Committee on Public Accounts to direct the Fund to cease legal action relating to its directives.

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Road Accident Fund is at a crossroads

Transport Minister Barbara Creecy dissolved the RAF’s board to tackle governance issues, but its impact on victims remains uncertain.

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Updated 9 February 2026

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Updated 9 February 2026

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RAF ends costly battle with Auditor-General
https://youtu.be/SWQONB1_MfI
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  • SCOPA moves from hearings to hard choices on the RAF
  • Full Bench adds weight to challenges against RAF medical expense directives
  • Transport pressed on whether RABS can deal with RAF’s legacy claims
  • New Cogence portfolios blend public and private markets for retail investors
  • Ninety One flags shift from US dominance to broader opportunity sets
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