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Home / Posts tagged “#RAF” / Page 2

#RAF

Videos

Day 2 Highlights from the FSCA Industry Conference 2026

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Day 1 Highlights from the FSCA Industry Conference 2026

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Budget: Key changes for taxpayers and investors

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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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Revival of Road Accident Benefit Scheme gains momentum

The RABS Bill promises faster, no-fault compensation but has previously been criticised for limiting victim rights and excluding vulnerable groups.

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Wake-up call for RAF as SCOPA prepares for full-scale inquiry

A whistleblower-backed memorandum discloses how a legitimate RAF lease was allegedly overturned to favour Mowana Properties.

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Letsoalo fights to keep RAF job as court weighs suspension battle

The suspended RAF CEO claims the board misled Parliament and the Minister of Transport as he seeks to overturn his suspension and block the search for his replacement.

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High Court slams RAF for wasting millions on ‘chaotic’ cases

Judge says the fund’s failure to send lawyers to court or provide them with instructions is leading to default judgments.

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Government revives rejected Bill to fix Road Accident Fund

Transport Ministry abandons RAF Amendment Bill and plans to re-introduce the equally controversial Road Accident Benefit Scheme Bill.

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RAF board may ditch costly court fight over 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.

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RAF loses another medical scheme member liability case

The High Court, endorsing the minority judgment’s view, rules the Fund must pay the medical expenses covered by Discovery Health.

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