Road Accident Fund struggles with R1.6 billion deficit
By Ragheema Mclean The Road Accident Fund (RAF) is grappling with severe financial and operational difficulties, despite ongoing efforts to stabilize the organization. The state-owned enterprise is facing a substantial deficit of R1.6 billion the financial year 2023/24. In the past year, the RAF processed 63,015 claims out of 79,377 registered. The fund disbursed approximately R12.7 billion for general damages, R2.6 billion for loss of support, R1.7 billion for medical […]
