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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Cash-strapped Road Accident Fund struggles to pay billions in outstanding debt – This is just another SOE that is collapsing under ANC-regime’s rule
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As thousands of road accident victims are anxiously waiting to be compensated by the cash-strapped Road Accident Fund (RAF) following court orders in their favour, the Gauteng High Court, Pretoria, is expected to soon deal with the fund’s inability to pay up. Hundreds of claimants recently turned to the court where they had obtained an..
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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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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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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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