Fund 'leases chairs to prevent them being attached.'
The Road Accident Fund (RAF) financial woes are continuing. A total of R18 million worth of the fund's assets, which the sheriff of the court had seized, will be auctioned off next month.
The RAF has faced several incidents in which the sheriff seized its assets to acquire the funds that it owed road accident victims.
In an interview with The Citizen over the weekend, RAF spokesperson McIntosh Polela confirmed the sheriff of the High Court in East London has informed their office that an auction of the fund's assets is set down for Thursday, 5 December.
"The sheriff's list consists of 18 matters affecting two regional offices amounting to over R18 million," Polela said.
"Sixteen are for the East London regional office, with two for the Johannesburg office."
The orders include cases where the RAF is ordered to pay past medical expenses, where these expenses were paid by the medical schemes as prescribed minimum benefits or emergency medical conditions; and
This story is from the November 18, 2024 edition of The Citizen.
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This story is from the November 18, 2024 edition of The Citizen.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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