Funding model not sustainable, warns Road Accident Fund as deficit soars to R206bnFunding model not sustainable, warns Road Accident Fund as deficit soars to R206bnFunding model not sustainable, warns Road Accident Fund as deficit soars to R206bnFunding model not sustainable, warns Road Accident Fund as deficit soars to R206bn
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Funding model not sustainable, warns Road Accident Fund as deficit soars to R206bn

November 6, 2018

The Road Accident Fund’s (RAF’s) net deficit has jumped from R179.9-billion in the 2017 financial year, to R206.3-billion in the 2018 financial year, with the bulk of this related to unpaid claims. Claims liability has soared from R188-billion in the 2017 financial year, to R215-billion in the 2018 financial year, said RAF Finance GM Victor Songelwa at a media briefing in Centurion on Tuesday.

Link to Engineeringnews.co.za

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