Transport Minister Fikile Mbalula has appointed a permanent board for the Road Accident Fund (RAF).
The current RAF board was appointed on an interim basis in July 2018.
Mbalula said RAF is currently sitting with an actuarial liability of R292 billion.
Eyewitness News reporter Bonga Dlulane has more.
It is an eight-member board and the minister says he is trying to bring stability to the entity that has been facing trouble. It is mostly names that are not known and they have not served in state-owned entities.— Bonga Dlulane, Reporter - Eyewitness News
RAF needs to settle over R17 billion in claims and there are open cases over thousands of rands. They are also in debt of over R292 billion.— Bonga Dlulane, Reporter - Eyewitness News
Over 17,000 people are still waiting for the RAF to pay them and those are not even the open cases.— Bonga Dlulane, Reporter - Eyewitness News
The newly appointed RAF Board in Centurion.— Minister of Transport |Mr Fix (@MbalulaFikile) December 5, 2019
I am pleased we have now appointed a permanent Board. I have no doubt their appointment will bring RAF the required expertise at leadership level to steer the organization towards a sustainable future. pic.twitter.com/8cY7ZtscH8
Listen to the full interview below...