RAF given five months to pay out any claims

RAF given five months to pay out any claims

JOHANNESBURG – The Road Accident Fund now has just over five months to pay out any claims.

The High Court in Pretoria has also instructed the RAF to pay out any claims already granted that are older than 180-days or in which a settlement was reached.

The deadline for this is the end of April.

The fund needs to ensure court orders or written settlement agreements for claims are registered on the its payment list within 30 business days.

The RAF’s recent annual financial statement ending March 2020 indicates it has accumulated a deficit of R322-billion.

Its total liabilities exceeded its assets by over R300-billion.