The RAF might need a major government bailout
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It appears increasingly likely the Road Accident Fund (RAF) will require a significant government bailout.
This follows the RAF receiving another bloody nose from the Supreme Court of Appeal (SCA), which on Thursday dismissed, with costs, its appeal against a high court judgment that declared a Board Notice and its RAF1 Form unconstitutional, unlawful and invalid.
It has been estimated the RAF has about R500 billion in unqualified contingencies, a portion of which is attributable to the fu
This follows the RAF receiving another bloody nose from the Supreme Court of Appeal (SCA), which on Thursday dismissed, with costs, its appeal against a high court judgment that declared a Board Notice and its RAF1 Form unconstitutional, unlawful and invalid.
It has been estimated the RAF has about R500 billion in unqualified contingencies, a portion of which is attributable to the fu
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