RAF loses around R3 billion annually in opportunistic loss of income claims - ASSA

--:--

GUEST – Gregory Whittaker - Actuary and damages expert for the Actuarial Society of South Africa (ASSA)

The beleaguered Road Accident Fund (RAF) could save around R3 billion a year by rejecting opportunistic loss of income claims from individuals who suffered only minor injuries in a motor vehicle accident. Research by actuary and damages expert Gregory Whittaker for the Actuarial Society of South Africa (ASSA) shows that by local and international standards, loss of income compensation from the RAF for non-serious injuries is excessive.

29 Apr 2PM English South Africa Business News · Investing

Other recent episodes

Explainer: Workplace and elections

GUEST – Advocate Tertius Wessels who is a Legal Director at Strata-g Labour Solutions Is there anything that employers can do to keep political neutrality in the workplace according to our labour law? Can an employer refuse employee to wear their political t-shirts in the workplace before and after the…

20 May 2PM 11 min

Understanding insurance claims processes

GUEST - John Manyike - Head of Financial Education, Old Mutual If you've never filed an insurance claim before, the process can seem daunting. Knowing what to do when the time comes and having access to certain documents can make the process a little bit easier. In this conversation we…

20 May 2PM 12 min

JSE launches free tool to fight scammers.

GUEST - Nongcali Rubushe JSE Head: Business Enablement & Retail With scams on the rise, the JSE has launched a new free tool that will allow investors to check whether the financial professionals they deal with are credible. The stock exchange announced today that it has launched its ‘Verify a…

20 May 2PM 10 min

Balwin Properties reports a 29% decrease in group revenue to R2.4 billion

GUEST - Steve Brookes – CEO of Balwin Properties SA’s largest residential sectional-title developer reported a 29% decrease in group revenue to R2.4 billion (FY23: R3.3 billion) with 1 892 apartments recognised in revenue, a 32% reduction from the 2 788 apartments recognised in the prior year, “reflecting the challenging…

20 May 2PM 8 min

Famous Brands reports an 8% increase in revenue to R8-billion

GUEST: Darren Hele - Famous Brands CEO Famous Brands, Africa’s leading branded food services franchisor maintained growth momentum with revenue increasing 8% to R8.0 billion. Despite the Group’s carefully managed cost base, operating profit decreased by 6% to R812 million and the operating profit margin declined to 10.1% (2023: 11.6%)…

20 May 12PM 9 min

All episodes