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Home / Posts tagged “#SCOPA”

#SCOPA

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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SCOPA prepares to deliberate on RAF inquiry report as next phase begins

The final document is expected to reach the National Assembly in the next parliamentary term.

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SCOPA moves from hearings to hard choices on the RAF

The committee’s final report is expected to examine the legal consequences of former chief executive Collins Letsoalo’s refusal to appear before Parliament.

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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The Road Accident Fund has withdrawn its challenge to the Auditor-General and accepted adverse findings.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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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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Updated 23 March 2026

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Money Market funds

Updated 23 March 2026

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FSCA urges early preparation for phased COFI rollout
https://youtu.be/b_SPwIKKKu4
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