ABSTRACT
The Road Accident Fund (RAF) constitutes social security legislation. If one claimant is paid more than they are entitled to receive, the RAF is depleted to the prejudice of other claimants. Over the decades, a litany of issues has beset the RAF, including fraud, corruption, collusion and administrative inefficiencies. These issues are in the context of an unacceptably high rate of accidents on South African roads. This paper examines a subset of loss of income claims, namely those for non-serious injury. It will be shown that by local and international standards, loss of income compensation for non-serious injury within the RAF framework is excessive. The RAF could save an estimated R 3 billion a year in claims payments in 2023 financial year money terms by excluding loss of income claims for non-serious injury.
Whittaker, Gregory, Road Accident Fund Loss of Income Claims for Non-Serious Injury: A Local and International Comparison (July 27, 2023), South African Actuarial Journal, Forthcoming.
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