Road Accident Fund almost R27 billion in debt
The Road Accident Fund (RAF) is in deep financial trouble and still has almost 200 000 unpaid claims.
The RAF R26.3 billion in the red, reports EWN's Lindsay Dentlinger.
This is despite substantial increases in the fuel levy over the last three financial years.
In February, then Finance Minister Malusi Gigaba increased the levy by 30 cents a litre.
Now opposition parties are calling for a freeze on fuel levies due to the ever-increasing cost of fuel.
At the same time, a road accident benefit scheme bill is before Parliament that is intended to replace the RAF.
The proposed bill has been slammed for its no-fault system for claimants seeking compensation.
They're almost R30 billion in debt.Lindsay Dentlinger, EWN reporter
Considering the amount of money thrown at this fund every year, not to mention the 30 cent increase in the fuel levy this year, it's questionable as to where they go from here.Lindsay Dentlinger, EWN reporter
The acting CEO concedes in the annual report that the current model is financially unsustainable.Lindsay Dentlinger, EWN reporter
Take a listen to the EWN update:
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