That R2.18/litre you pay funding “opportunistic” RAF claims of R3bn
The beleaguered Road Accident Fund is losing an estimated R3bn a year to opportunistic loss of income claims from people who suffered only minor injuries in a motor accident.
The beleaguered Road Accident Fund is losing an estimated R3bn a year to opportunistic loss of income claims from people who suffered only minor injuries in a motor accident.
Corporate income and profit has been more resilient than anticipated and collection of both personal income tax and VAT above expectations.
In early February this year, the Road Accident Fund (RAF) went to court on an urgent basis seeking to interdict the Auditor General’s office from publishing its audit findings in Parliament.
Former intelligence minister David Mahlobo is facing a police investigation over illegal spying activities on critics of former president Jacob Zuma.
Finance Minister Tito Mboweni announced taxpayer support to rescue SAA, ending a long personal resistance to funding further bailouts.
Various other risks, like South African Airways, the Road Accident Fund and medical negligence lawsuits (R98bn), continue to linger.
South Africa should “seriously consider” freezing or decreasing its fuel levy to reduce the impact on consumers of record-high gasoline prices, the ruling African National Congress said.
To understand how the fuel price is comprised, the Automobile Association (AA) gives us this snapshot of how the cost of every litre of petrol inland, and at the coast, is determined.
On the back of increases to the general fuel levy and Road Accident Fund levy coming in April, motorists now also have to contend with increases to toll rates announced by the South African National Roads Agency.
Alec Hogg spent the morning in lockup with Finance Minister Pravin Gordhan. Here’s his list of winners and losers from the 2017 budget.