The Road Accident Fund has been unable to pay expenses like salaries because its bank accounts have been attached. In the meantime, the fund owes R17 billion to people across South Africa who have suffered losses due to road accidents
In the meantime, the fund owes R17 billion to people across South Africa who have suffered losses due to road accidents, but are still waiting to receive their compensation.
In his affidavit, Letsoalo said the RAF would never be in a position to pay all its judgment debts within 30 days of the date on which judgments were granted.Letsoalo said that most attorneys who represented claimants understood the fund’s financial position, but that there were still attorneys who advised their clients to obtain writs of execution to attach the RAF’s bank accounts. He said this happened often.
At present, there are more than 1 100 writs of execution that have been served on the RAF’s offices in Pretoria. More of these are served on its regional offices every day.the fund owes R17 billion to people across South Africa who have suffered losses due to road accidents, but are still waiting to receive their compensation.
“But, thereafter, I have to apply separately for the interest that is owed on the amount, which also takes time. Sometimes the fund doesn’t even pay out all the interest,” the attorney said.
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