Hand in the till? The Road Accident Fund is yet another parasitic parastatale hijacked by ANC gangsters, to openly fleece and rob the taxpayer. RAF’s debt is now getting as bad as Eskom debt levels and lawyers are in on the looting, getting about a quarter of its yearly income, with a self inflicted debt rising to R800 BILLION in the next 5 years! Will they plunder our pension funds to pay this corruption fueled debt too?
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#ParasiticParastatale The ANC is the Worst Virus to Hit Any Country! Road Accident Fund (RAF) Debt Levels Chasing Eskom Debt Levels, Possibly Reaching R800 BILLION in 5 Years!
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About R1 billion fraudulent applications is suspected in Road Accident Fund – more than 514 cases investigated
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The Road Accident Fund, which is funded directly from fuel levies, has announced that around R1 billion is involved in fraudulent applications in the 2017/18 financial year. About 514 cases are currently being investigated by the SAPS. Investigations by the Fraud Division of the Fund led to a large number of lawyers being scrapped from..
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Fuel now more expensive than gold says consumers mockingly
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The fuel price that will hike further this Wednesday makes the liquid almost as expensive as gold, says consumers mockingly. Wednesday, the price of petrol will increases by R1.34 per liter, and diesel increases by R0.82 per liter, leaving a big hole in motorists budget. The increase is attributable to the weak Rand and the..
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The Road Accident Fund disaster – Victims could be left destitute, despite the high fuel levy we pay for accident insurance
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Both the chairman and the chief executive officer of the Road Accident Fund (RAF) admitted in the latest annual report that the fund is insolvent, with liabilities exceeding assets by more than R206 billion at end March 2018. The annual report states that the fund “has been insolvent since 1981”. The total liabilities with regards..
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Double trouble for South African motorists, you can expect a massive petrol price increase in April, warns AA
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A massive petrol price increase is expected to hit South Africa in April, says the Automobile Association (AA) of South Africa. It’s not an April fool’s day prediction; the petrol price will be going up again next month. While consecutive fuel hikes have become the beleaguered norm in South Africa, April’s looming rise is expected..
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SA motorists brace yourself for big fuel tax increases the coming months – seems like the ANC-regime wants to recoup their loses by taxing you more on fuel levies
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Minister of Finance, Tito Mboweni, will deliver the Budget Speech 2019 in Cape Town on 20 February. Expectations are high that he will balance competing expenditure priorities to stimulate economic growth in spite of fiscal consolidation measures. However, the former central banker’s task is formidable and he will likely have a difficult balancing act on..
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Petrol prices news: Government will increase the fuel levy in November
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The Slate Levy increase, which will take effect on 7 November, will account for 21.92 cents per litre. While most South African motorists have escaped an increase in petrol prices in November, the government’s plan to raise the fuel levy has garnered staunch criticism.
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Some relieve for motorists in November 2018, first decrease in eight months expected
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For eight months South Africans have toiled under the weight of consecutive fuel hikes which have impacted all major industries. South African motorists and consumers are set to be spared further pain as the petrol price for November is expected to decrease. For eight months South Africans have toiled under the weight of consecutive fuel..
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Once again taxpayers will have to pay for the sins of the ANC-regime – SAA, Post Office and other ailing SOEs to receive billions in cash-bailouts
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Finance minister Tito Mboweni has announced a R9.1-billion bailout of struggling state-owned companies such as national carrier SAA and regional airline SA Express. In his first medium term budget policy statement to parliament on Wednesday‚ Mboweni announced that the troubled SAA would once more be recapitalised by the taxpayer to the tune of R5-billion. This..
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Looking at 10 Years of fuel prices compared and the reasons for the price rises
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South African motorists and taxi operators are buckling under the strain of record high fuel prices.
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October fuel price outlook is a ‘major concern’ for Minister of Energy
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Increasing rand weakness against the dollar will not bode well for the fuel price in October, Minister of Energy Jeff Radebe warned on Wednesday evening.
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Another state institution bites the dust – Government’s RAF has a shortage of money
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A new law will be submitted to replace the current Road Accident Fund. According to proposals, victims of road accidents will receive compensation in installments instead of a one-off payment. Claims can also be instituted directly with the fund administrators. It is currently unclear whether the use of attorneys that sets set claims will be..
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State-owned enterprises: Which one costs South African taxpayers the most money?
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South African state-owned enterprises set the stage for a sad affair. The sordid tale of bottomless funding vanishing under the unexplainable guise of ‘irregular expenditure’ – the millions become indiscernible from the billions, spoken of as fictitious currency. But the money is very real, and it trickles into government coffers through the tax tear in..
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The real reason SA’s doctors won’t deliver your baby
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Medico-legal litigation has exploded. As of March 2016, claims against the health department from the previous five years stood at more than R37‑billion. By October that year, the figure had jumped to R51‑billion — or a third of the whole public healthcare budget if we had to pay every cent.
The medico-legal litigation pandemic threatens not only our health system but also the very existence of our mothers and children.
When some see these figures, their first reaction is to condemn the health department and accuse it of absolute carelessness. Please be careful before drawing such conclusions. Ask yourself first: But what has changed?
It is common knowledge that, over the decades, an overwhelming number of medico-legal litigation cases were lodged against the Road Accident Fund (RAF).
The RAF has since been litigated into a state of near-bankruptcy and is finding it difficult to even pay legitimate claims. The minister of finance has tried to raise th
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The real reason SA’s doctors won’t deliver your baby
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Medico-legal litigation has exploded. As of March 2016, claims against the health department from the previous five years stood at more than R37‑billion. By October that year, the figure had jumped to R51‑billion — or a third of the whole public healthcare budget if we had to pay every cent. The medico-legal litigation pandemic threatens..
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