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Road Accident Fund has lost control. It's R300 billion in debt - Outa

12 April 2021 7:19 PM
Tags:
Corruption
Road Accident Fund
The Money Show
OUTA
Wayne Duvenage
Bruce Whitfield
RAF
organisation undoing tax abuse
Road Accident Fund levy
RAF levy

South Africa faces dire consequences if the RAF goes bust, warns Wayne Duvenage, CEO at Organisation Undoing Tax Abuse (Outa).

The Road Accident Fund (RAF) has obtained a court order preventing successful applicants from claiming any of the Fund's money or assets.

The Fund has new management, but it is under investigation and faces imminent collapse.

If the RAF collapses, drivers will face lawsuits and applicants will battle for compensation.

© stockbroker/123rf.com

The Money Show’s Bruce Whitfield interviewed Wayne Duvenage, CEO at Organisation Undoing Tax Abuse (Outa).

Duvenage warned years ago that the RAF is “a plunder pot of massive proportion”.


RELATED: Meet Outa's Wayne Duvenage; fighting etolls, Eskom (and others) on our behalf


Around R45 billion a year [goes into the RAF] … 12 years ago, it was R9 billion… Something seriously has gone wrong… It is R300 billion in debt… The institution has lost control…

Wayne Duvenage, CEO - Organisation Undoing Tax Abuse

You’ve got ambulance chasers… and a lot of out-of-court settlements where lawyers are getting very, very rich… If you don’t have the team to challenge that, you lose control…

Wayne Duvenage, CEO - Organisation Undoing Tax Abuse

They keep running to the taxman… The levy has gone up… We’ve lost control.

Wayne Duvenage, CEO - Organisation Undoing Tax Abuse

There are more people driving without licenses now…

Wayne Duvenage, CEO - Organisation Undoing Tax Abuse

What are we going to do to fix the Road Accident Fund? …

Wayne Duvenage, CEO - Organisation Undoing Tax Abuse

Listen to the interview in the audio below.


This article first appeared on CapeTalk : Road Accident Fund has lost control. It's R300 billion in debt - Outa




12 April 2021 7:19 PM
Tags:
Corruption
Road Accident Fund
The Money Show
OUTA
Wayne Duvenage
Bruce Whitfield
RAF
organisation undoing tax abuse
Road Accident Fund levy
RAF levy

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