Kaya 959 Kaya Biz

RAF loses around R3 billion annually in opportunistic loss of income claims - ASSA

Loading player...
GUEST – Gregory Whittaker - Actuary and damages expert for the Actuarial Society of South Africa (ASSA)

The beleaguered Road Accident Fund (RAF) could save around R3 billion a year by rejecting opportunistic loss of income claims from individuals who suffered only minor injuries in a motor vehicle accident. Research by actuary and damages expert Gregory Whittaker for the Actuarial Society of South Africa (ASSA) shows that by local and international standards, loss of income compensation from the RAF for non-serious injuries is excessive.
29 Apr 2024 2PM English South Africa Business News · Investing

Other recent episodes

PPS Delivers R6.88bn in Profit‑Share

PPS Group CEO Izak Smit unpacks a second consecutive record year, with R6.88bn allocated to members and R6.67bn paid in claims. He explains the strength of the mutual model.
22 Apr 4PM 16 min

Capitec’s R16.8bn Year

Capitec CEO Graham Lee discusses the bank’s 23% earnings surge, its diversified business model, and the rapid rise of digital payments.
22 Apr 4PM 14 min

Inflation Through the Eyes of the Consumer

Eighty20 Director Andrew Fulton translates the CPI numbers into real‑world household pressure. From meat‑led food inflation to the looming oil shock, he explores which consumers are most exposed and how spending behaviour is shifting.
22 Apr 4PM 9 min

SA’s Draft AI Policy: The Cost of Getting It Wrong

Free SA spokesperson Gideon Joubert discusses the organization's concerns about South Africa’s Draft National AI Policy—including expanded bureaucracy, duplicated institutions, and barriers for startups.
21 Apr 4PM 5 min
All episodes