RAF prevents R2.6bn in fraudulent claims over past three years

Loading player...
GUEST – McIntosh Polela - RAF spokesperson

The Road Accident Fund (RAF) says it has managed to clamp down on fraudulent claims of over R2.6 billion over the last three financial years.

This achievement is a result of the sterling work done by the fund's Forensic Investigation Department.

RAF spokesperson McIntosh Polela says medical doctors, attorneys, victims, the funds' employees and those of corporate companies, are among the people punished for defrauding the fund.

She says a total of 713 claims were rejected in the 2022/2023 financial year, 448 in 2021/22, and 4 172 in 2020/21.

In the past three financial years, there has been a total of 32 arrests; 15 in 2022/23, 12 in 2021/22, and five in 2020/2021.
30 Nov 2023 3PM English South Africa Business News · Investing

Other recent episodes

Property market trends for 2026

South Africa’s property market in 2026 will be shaped less by expansion and more by resilience, adaptability, and risk management, according to Waldo Marcus, Director at TPN Credit Bureau. With residential rental shortages driving escalations of 4.5% to 5.5%, commercial rentals under pressure, and widening disparities between well-governed and poorly…
21 Jan 2PM 17 min

What ABSA,Standard Bank executive moves signal for SA Banking business

There’s a shuffling of executives among the big banks, last year saw Jason Quinn, interim CEO of Absa leaving Absa and heading to Nedbank to take up the reign as CEO as well as Kenny Fihla leaving Standard Bank and going to Absa. Zwelakhe Mzwakhe Mnguni, Chief Investment Officer &…
21 Jan 2PM 8 min

Global fashion, local impact and lessons from Valentino’s business legacy

The fashion world is marking the passing of Italian designer Valentino Garavani, the founder of the Valentino fashion house and one of the architects of modern luxury. Over decades, his work became closely associated with global fashion capitals and with retailers and luxury groups that helped take haute couture into…
20 Jan 3PM 22 min