The Road Accident Fund RAF, responsible for compensating victims of road crashes, is facing a major leadership shake-up. Transport Minister Barbara Creecy has officially dissolved its entire board following a series of governance failures that have crippled the fund's operations, Cape town Etc reports
According to the statement , the decision comes after months of internal turmoil, financial mismanagement, and legal battles that have severely undermined the RAF's ability to function. Reports from the Transport Ministry reveal deep-rooted dysfunction within the board, including reckless decision-making, costly legal disputes, and failure to fill key executive positions.
The RAF has been plagued by persistent governance issues, prompting the minister to take drastic action. Key concerns include:
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Wasteful Legal Battles: The fund engaged in prolonged and expensive litigation over accounting standards, draining its already strained finances.
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Chaotic Leadership Suspensions: The board's handling of CEO Collins Letsoalo's suspension was inconsistent and legally contested, creating instability.