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Interesting stats from the Road Accident Fund annual report

The Road Accident Fund annual report for 2012 is available on the Road Accident Fund’s website. Some of the interesting information include the fact that 225 905 individual payments were made during the 2012 year, with an average Rand value of R54 808,00. That is the average highest value in its history, but the claims are considerably down from 336 511 individual payments made in 2009, so there is already evidence of less claims in terms of the new system. During 2012 the Road Accident Fund received R17,1 billion in revenue from the fuel levies and investment income.

Their own statistics indicate that as of 31 March 2012 22% less cases were lodged than compared with 31 March 2011 and where the figures become very interesting is when they break those down into personal claims, which is what most attorneys do, and supplier claims where it is now obvious that the vast majority of claims they are receiving are in fact supplier claims. Of the 172 000 new cases that they say were lodged in the year ending 31 March 2012, a 120 000 were supplier claims and only 52 000 were personal claims – that compared to, for example 2009, when for the 2008/2008 year 166 000 personal claims were lodged. In other words, the number of claims that have been lodged with the Road Accident Fund is already down more than two-thirds. One could very quickly surmise that if the Road Accident Fund could only deal cost-effectively with the supplier claims, not only would the deficit probably cease to exist, but by now the Road Accident Found would start running at its highly profit.

Posted by Michael de Broglio on Friday 28-Sep-12 Share on Facebook   Tweet It

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Comments

Margaret Thukubi  said:
on Thursday 13-Mar-14 06:38 PM
SIR/MADAM
I did claim the RAF on May 2012 for my brother he pastaway
on the sciene by car accident.we are not setisfy with the amonth that our attorney paid. We talking about dead person
its like they pay the person who are on pain and he is dead

Lucretia  said:
on Friday 12-Oct-12 01:07 PM
I honestly don't know what to say about the RAF. I am so tired of seeing innocent people who have been involved in accidents turned away because the big wigs feel they don't have the right to claim. I was involved in a MVA some 20 years ago, only sustained a Whiplash, and I can tell you I still suffer with my neck and continuous headaches as a result. The RAF drive me to drink - oh wait, I should not drink and drive.

Cornelie   said:
on Friday 05-Oct-12 09:20 AM
Now that they are busy getting back on the map again with their high profit, what will happen with the money that they are not paying out because of the new act, somehow there must be something that the public can do because the petrol goes up and their portion goes up, but the poeple who gets hurts does not get compensated.

Sarah  said:
on Tuesday 02-Oct-12 08:15 AM
I agree with Angelique. RAF has very poor management and I would also like to know how many claims were reported as fraud. How how many times must we wait for the claims money to be paid out this is just an example of the poor management.

Angelique  said:
on Monday 01-Oct-12 10:42 AM
Public funds are simply not managed properly! There are so many rumours that the RAF is going bankrupt, ofcourse we pay our taxes but they simply throwing money away all because of poor management!

Cherise  said:
on Monday 01-Oct-12 09:36 AM
I agree with tanya , good valid points. The raf should be compensating the people who are entitled to their money , as that is the whole purpose of the RAF. they need to really re-evaluate their "system"

Simone  said:
on Monday 01-Oct-12 09:31 AM
Very interesting statistics indeed. I would really like to know how many claims were reported as fraud.

Tans  said:
on Saturday 29-Sep-12 11:14 PM
Once again, as the prior blog post confirmed, the RAF is an example of bureacratic ineptitude and inefficiency. Clearly supplier claims can be handled in a far better manner and good money would no longer have to be thrown away in this manner. It leaves one stone cold that public funds are not properly managed and that monies are paid out or, should I say, thrown away into a black hole instead of being used to compensate the helpless victims of road accidents.

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Johannesburg based attorney specializing in personal injury matters including Road Accident Fund claims and medical negligence matters. My interests include golf, reading and the internet and the way it is constantly developing. I have a passion for life and a desire for less stress!
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