We are not broke, says Road Accident Fund despite R17bn bill | Weekend Argus

Cape Town - The Road Accident Fund has, ahead of the festive season, moved to allay fears that it has run out of money and said it would be able to pay claims by February. RAF acting chief executive Collins Letsoalo acknowledged its outstanding bill of more than R17billion but said claims would be paid 180 days/six months from the date on which they were lodged.

This week, the RAF was victorious in the North Gauteng High Court in Pretoria after lodging an urgent application against the Sheriff of Centurion East, Absa Bank and 346 claimants that have in the last six weeks sent the sheriff to attach all the monies in its eight Absa bank accounts. In Part A of the application, the RAF asked the court for breathing space and to suspend its obligation to pay the amount overdue to the 346 claimants.

In Part B, the RAF asked for an order against itself that it pay the above amount by no later than February 29. Letsoalo, said the action by the lawyers was dismissed as “not urgent” and “it’s business as usual” at the fund.

You can never be broke, we are forced to pay you like you can't believe!!!!

The guy's face says, yes we are insolvent but there is still ways to loot the last drops of money out of this place before it collapse.

The RAF must thank God that the Guptas never get hold of them otherwise...

The are many ways to prevent this. Let's work together as country to deal with problem of drink n drive. Let's have Bill which does allow police to withdraw blood in any accident. No money should layer to such people.

OK!?

We technically Insolvent

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