News

Industries

Companies

Jobs

Events

People

Video

Audio

Galleries

My Biz

Submit content

My Account

Advertise with us

200 000 waiting for RAF payouts

More than 200 000 people are waiting for compensation payments from the Road Accident Fund according to a report in The New Age published on Friday. It says that a report, tabled by the Financial Services Board's Dube Tshidi, shows that the RAF's deficit has increased by R2 billion to R42 billion.
(Image: Wikimedia Commons)
(Image: Wikimedia Commons)

In the report, tabled in Parliament on Thursday, 4 August 2011, Tshidi said that fruitless and wasteful expenditure of R23 million was paid by the RAF to the sheriff to cover interest costs incurred as a result of delays in settling claims.

The New Age says that claims paid to accident victims amounted to R11,4 billion in the 2009-2010 financial year.

Read more:

Let's do Biz