In a decisive move to address a deepening crisis, Transport Minister Barbara Creecy has dissolved the entire board of directors of the embattled Road Accident Fund (RAF). The announcement follows a period of intense scrutiny over the RAF board’s operational and governance challenges. The Department of Transport stated that the board’s “failure to discharge its fiduciary duties had resulted in…
Tag: Collins Letsoalo
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Road Accident Fund under Investigation by SCOPA
Parliament’s Standing Committee on Public Accounts (SCOPA) has officially launched a formal inquiry into the deeply troubled finances of the Road Accident Fund (RAF). The decision comes as the RAF grapples with serious allegations of corruption. An explosive internal power struggle has reached the High Court. The parliamentary probe follows a deluge of whistleblower reports and complaints alleging widespread maladministration,…
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RAF CEO Placed on Leave pending SIU Tender Probe
The Road Accident Fund (RAF has announced that its Chief Executive Officer, Collins Letsoalo, has been placed on special leave. The RAF CEO’s special leave decision by the RAF board comes as the Special Investigating Unit (SIU) continues its probe into multimillion-rand contracts and tenders. These investigations focus on financial dealings at the embattled fund. A Precautionary Measure during SIU…