“The Road Accident Fund (RAF) faces an imminent financial crisis, threatening a R400bn hole in the National Budget due to mounting debt and mismanagement.” – Business Maverick (11 March 2026)
“The RAF is beset by well-documented corruption and maladministration: a chamber of horrors; around every turn, there is another terrifying pop-up.”
Ahead of last year’s Standing Committee on Public Accounts (Scopa) inquiry into the RAF,
ActionSA MP Alan Beesley called former CEO, Collins Letsoalo, a “sociopathic CEO” and requested criminal charges to be investigated against Letsoalo who earned R6m a year for five years, plus a 40% performance bonus.
Allegations against the RAF, include: a R79m lease in Johannesburg; closure of a 200-bed Johannesburg hospital after the RAF failed to pay more than R300m in outstanding debt; accusations against executives of the RAF Board of manipulating procurement processes, splitting invoices to bypass approval limits and receiving VIP treatment from service providers in exchange for contracts; Letsoalo’s lavish R4m staff party; failure to vet senior officials for suitability; failure to appoint a chief claims officer; and more that R15bn in default judgements.