Johnathan Paoli
THE Roadside Accident Fund (RAF) CEO Collins Letsoalo announced on Wednesday the encouraging progress of turning the institution around, saying that while the fund still faced significant challenges, the 2020 – 2025 strategy in conjunction with the proposed legislative amendments presents the best opportunity to finally see the RAF on a sustainable financial and operational path.
Letsoalo briefed the media on both the RAF Audit Outcome 2022/2023 by the Auditor-General of South Africa (AGSA) as well as the RAF Amendment Bill.
The CEO said that the RAF has been confronted with a myriad of challenges, key among which was the risk to its financial and operational sustainability and it is important to take into account these were not contemporary challenges which started in 2019, but in fact date back to the Fund’s establishment on 01 May 1946.
The RAF 2020–2025 Strategic plan was developed in 2019 to effectively
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