Government's failure to produce regulations following passage of the Road Accident Fund (RAF)Amendment Act is costing the country as much as R10million a day, says Parliament's portfolio committee on transport. The act seeks to address the chronic technical insolvency of the fund by placing a cap on future loss of earnings claims at R160000 a year, and limiting damages claims to cases of serious injury. - I-Net Bridge
Government's failure to produce regulations following passage of the Road Accident Fund (RAF)Amendment Act is costing the country as much as R10million a day, says Parliament's portfolio committee on transport. The act seeks to address the chronic technical insolvency of the fund by placing a cap on future loss of earnings claims at R160000 a year, and limiting damages claims to cases of serious injury. - I-Net Bridge