'Bleeding' Road Accident Fund moves to gag audit release

In early February this year, the Road Accident Fund (RAF) went to court on an urgent basis seeking to interdict the Auditor General's office from publishing its audit findings in Parliament. The AG is opposing this in the North Gauteng High Court in Pretoria. Besides disputes over just how bad it's financials are - whether liabilities exceed R360bn or R30bn - the RAF is also under the hammer with the Special Investigating Unit currently probing years of fraudulent payments to service providers. The Democratic Alliance's Shadow Minister of Transport, Chris Hunsinger, says while the basic fuel price has increased 119% over the last 12 years, contributions to the RAF have skyrocketed by 425% over the same period. BizNews' Michael Appel makes mention of the fact that a bankrupt RAF made headlines several years ago for renting office furniture at R666 per chair per month. In fact, it was worse than his memory serves. The RAF was paying R1,666 per chair per month. Approached for comment, the Auditor General would only confirm that the matter is currently before the courts. Learn more about your ad choices. Visit megaphone.fm/adchoices