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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The Road Accident Fund disaster – Victims could be left destitute, despite the high fuel levy we pay for accident insurance
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SABC crashes – once proud state entity is now the biggest embarrassment of the country’s image after the ANC regime’s takeover in 1994
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The Companies and Intellectual Property Commission (CIPC) has issued a notice to the SABC asking the broadcaster to explain why it should not be assumed that their reckless business is insolvent. According to reports, the SABC’s liabilities exceed the assets by R1,8 billion and short-term liabilities can no longer be met. The notice may mean..
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Energy fund faces ruin if state mining company moves to Zwane’s department.
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The Central Energy Fund (CEF) faces financial ruin when Energy Minister Mmamoloko Kubayi hands the state’s mining company, African Exploration Mining and Finance Corporation, to the department of mineral resources. This will take place in the few months left of this financial year. Sources in the department have told the Mail & Guardian it will..
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