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fuel levy
Road Accident Fund on the brink of financial implosion
South Africa's Road Accident Fund is facing a severe financial crisis with liabilities exceeding R300 billion, while a dispute with the Auditor-General over accounting standards threatens to worsen its position. The parliamentary watchdog SCOPA heard that mounting accident claims far outstrip the fund's ability to pay, raising concerns about its long-term sustainability
Road Accident Fund on the brink of financial implosion as liabilities soar
South Africa's Road Accident Fund is facing a severe financial crisis with liabilities exceeding R300 billion, while a dispute with the Auditor-General over accounting standards threatens to worsen its position. The parliamentary watchdog SCOPA heard that mounting accident claims far outstrip the fund's ability to pay, raising concerns about its long-term sustainability
RAF facing severe financial woes as liabilities soar
South Africa's Road Accident Fund is facing a severe financial crisis with liabilities exceeding R300 billion, while a dispute with the Auditor-General over accounting standards threatens to worsen its position. The parliamentary watchdog SCOPA heard that mounting accident claims far outstrip the fund's ability to pay, raising concerns about its long-term sustainability
The alarming 200% increase in petrol prices since 2008: what you need to know
South African fuel prices have skyrocketed by almost 200% since 2008, from R7. 20 to R21. 55 per litre. And it's not only at the pumps where we are feeling this. But what exactly contributes to the price of petrol?