‘Road Accident Fund is biggest liability after Eskom’ says Mbalula

Picture | GCSI | Transport Department

Transport Minister Fikile Mbalula released an update on important strategic initiatives at the Road Accident Fund (RAF) on Monday in order to restore the scheme’s financial sustainability.

Speaking in Centurion on the progress made to turn around, Mbalula said this is due to measures to try and clean up the organisation. These included the appointment of a new board and the removal of the panel of attorney retainer.

As a result, Mbalula says the fund has now, for the first time in many years, posted a surplus of R3.2 billion.  

According to Mbabula, Road Accident Fund is the “biggest liability after Eskom”. However, Mbalula adds that the funds’s “determination and hard work to turn the situation around has paid off”.

Going forward, the fund will be “quite active” ensuring South Africans comply. In addition, the road accident fund will be reviewing regulations and effect changes where necessary. A new strategy will be released in due course.