RAF pays out R694m to claimants in one day
The State-owned Road Accident Fund (RAF) made record payments of R694-million on October 17, highlighting the positive impact of its fast-tracking initiatives on daily payment volumes.
It has disbursed R17.3-billion in compensation to road accident victims and service providers since April, with R4.18-billion paid out in September alone. This marked the highest amount disbursed in a single month during the 2025/26 financial year.
However, the RAF had already paid R2.57-billion in claims for October by October 17, placing the organisation on track to surpass September's record by month's end.
These figures demonstrate a significant improvement in payment speed and capacity and reflect the RAF’s concerted efforts to reduce the backlog and enhance turnaround times.
Claimants, their attorneys and medical service providers are witnessing the benefits of faster and more reliable settlements, the RAF interim board says.
This rapid payout underscores the RAF’s dedication to providing timely and fair compensation to everyone injured on South African roads and marks a significant milestone in the RAF’s ongoing turnaround strategy, it states.
Further, the organisation says it aims to maintain high payment levels in the coming months, continuing to reduce claim processing times and upholding public trust in its services.
The RAF interim board has fulfilled its commitment to expedite payments to claimants and enhance service delivery, it says.
The RAF will continue to prioritise efficiency, transparency and fairness in claims processing, while strengthening governance and controls to ensure sustainable payment levels, it says.
This approach addresses the urgent needs of claimants and ensures the fund remains focused on delivering timely settlements while safeguarding its long-term financial sustainability, it adds.
The RAF will also provide bi-weekly updates, the board notes.
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