Road Accident Fund

Contact Details

Physical: 2 Eco Glades Office Park, 420 Witch-Hazel Avenue, Centurion, 0046
Postal: Private Bag X178, Centurion, 0046
Tel: 012 621 1691
Fax: 012 621 1640
Web:

Overview

The Road Accident Fund (RAF) provides compulsory cover to all users of South African roads, citizens and foreigners, against injuries sustained or death arising from accidents involving motor vehicles within the borders of South Africa. This cover is in the form of indemnity insurance to persons who cause the accident, as well as personal injury and death insurance to victims of motor vehicle accidents, and their families.

The RAF is responsible for: providing appropriate cover to all road users within the borders of South Africa; rehabilitating and compensating persons injured as a result of motor vehicles in a timely and caring manner; and actively promoting the safe use of all South African roads.


The client base of the RAF comprises not only the South African public, but all foreigners within the borders of the country. The RAF provides two types of cover, namely personal insurance cover to accident victims or their families, and indemnity cover to wrongdoers.

Office Bearers/Management

Chairperson
Dr N Bhengu
Chief Executive Officer
Dr E Watson

Chairperson:
Dr Ntuthuko Bhengu
Deputy Chairperson:
n/a
Board Members:
Mr D Coovadia
Mr D Hlatshwayo
Dr L Linda
Mr T Masobe
Ms R Mokoena
Mr A Pandor
Adv DS Qocha
Mr DK Smith
Dr L Steyn
Mr T Tenza
Chief Executive Officer:
Dr Eugene Watson
Chief Financial Officer:
Ms Yolande van Biljon
Chief Operations Officer:
Ms Lindelwa Jabavu
Senior Management:
Ms June Cornelius (Executive: Corporate Secretariat)
Mr Phumelela Dhlomo (Chief Marketing Officer)
Mr Rodney Gounden (Chief Audit Executive)
Ms Lerato Gumbi (Chief Human Capital Officer)
Ms Mantiti Kola (Chief Strategy Officer)
Ms Vuyokazi Menye (Chief Information Officer)
Communications Officers:
Connie Nel

Financial Information

All Financial Values: R'0002015/162014/152013/142012/13
 
AUDIT OUTCOMEFinancially UnqualifiedClean AuditClean AuditClean Audit
 
FINANCIAL POSITION
Current Assets9 568 5177 085 4827 426 17810 465 285
Non-Current Assets227 245281 807268 169251 973
Total Assets9 795 7627 367 2897 694 34710 717 258
Current Liabilities47 485 45335 586 05725 531 31521 695 135
Non-Current Liabilities107 562 40182 027 78872 960 79062 524 487
Total Liabilities155 047 854117 613 84598 492 10584 219 622
Total Net Assets(145 252 092)(110 246 556)(90 797 758)(73 625 978)
 
FINANCIAL PERFORMANCE
Total Revenue33 206 15122 679 93120 516 44318 143 766
Revenue from Exchange Transactions93 10565 591238 432259 960
Revenue from Non-Exchange Transactions33 113 05622 614 34020 278 01117 883 806
Total Expenditure(68 164 560)(42 131 473)(37 801 009)(26 609 204)
Employee Costs(1 279 874)(1 164 018)(907 172)(762 641)
Surplus/(Deficit) for Year(34 958 399)(19 451 542)(17 299 566)(8 465 438)
 
CASH FLOW
Net Cash Flows from Operating Activities1 034 442(1 398 968)(3 588 886)1 914 005
Net Cash Flows from Investing Activities(38 405)(56 583)(50 156)(15 238)
Cash & Cash Equivalents at End of Year2 044 2611 048 2242 504 7756 143 817
 
UIFW EXPENDITURE
Unauthorised Expenditure----
Irregular Expenditure11 42814 64518 4574 327
Fruitless & Wasteful Expenditure31 12824 50930 44120 226
 
HUMAN RESOURCES
Posts Approved2 8232 7462 540n/a
Posts Filled2 5932 5552 288n/a
 
SourcesAnnual ReportAnnual ReportAnnual Report n/a

Overseeing Department/Entity

Annual Reports


The information in this directory is supplied and/or externally sourced and is also subject to continual change. If you notice any errors or omissions, please contact us at info@nationalgovernment.co.za so that we can correct them.
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