Road Accident Fund has lost control. It's R300 billion in debt

Road Accident Fund has lost control. It’s R300 billion in debt

South Africa faces dire consequences if the RAF goes bust, warns Wayne Duvenage, CEO at Organisation Undoing Tax Abuse (Outa).

The Road Accident Fund (RAF) has obtained a court order preventing successful applicants from claiming any of the Fund’s money or assets.

The Fund has new management, but it is under investigation and faces imminent collapse.

If the RAF collapses, drivers will face lawsuits and applicants will battle for compensation.

The Money Show’s Bruce Whitfield interviewed Wayne Duvenage, CEO at Organisation Undoing Tax Abuse (Outa). Duvenage warned years ago that the RAF is “a plunder pot of massive proportion”.