By Thapelo Molefe
The African National Congress (ANC) study group on the Standing Committee on Public Accounts (Scopa) has welcomed Parliament’s decision to launch a formal oversight inquiry into the affairs of the Road Accident Fund (RAF).
This follows serious allegations of financial mismanagement, governance failures and irregular spending.
It said in a statement that the inquiry was a key step in promoting clean governance.
“It marks a significant step toward promoting clean governance, accountability, and the responsible management of public resources.”
The decision to initiate the inquiry was made by Scopa last week, with the Terms of Reference adopted on Tuesday.
The RAF, which is responsible for compensating victims of road accidents in South Africa, has come under increasing scrutiny over the past few years due to its mounting financial crisis and ongoing legal battles with the Auditor-General.
In its latest audit, the RAF’s liabilities exceed its assets by
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