THE Road Accident Fund (RAF) has received a clean bill of health from the auditor general for the 2012/13 financial year, the organisation said yesterday.
The RAF provides a social security safety net to the country and economy by making available compulsory social insurance cover to all users of South African roads including foreigners.
The fund covers injuries sustained or death arising from accidents involving motor vehicles within the borders of South Africa.
The cover is in the form of indemnity insurance to persons who cause the accident, as well as personal injury and death insurance to victims of motor vehicle accidents and their families.
RAF is mainly funded through a fuel levy collected by the South African Revenue Authority.
For every litre of petrol or diesel sold in the country, 96 cents goes towards the levy.
The fund achieved the clean audit owing to its prudent and excellent management of public funds in order to maximise service delivery.
RAF chief finance officer Lesibana Fosu said she was pleased with the outcome and promised that his organisation would strive to maintain the high standards of service delivery.
“While it will be very challenging to maintain, we are determined to ensure that acquiring this clean audit does not become a once-off event,” she said in a statement.
The RAF paid nearly R21 million to more than 1 100 victims of road accidents drawn from across the Free State during an awareness campaign held in Bloemfontein in October.
The road show was aimed at raising public awareness about the fund that assists survivors of traffic accidents with financial support to enable them to continue living normal lives.
Last year it paid out R7 million to 1 000 claimants during a similar campaign in Bloemfontein.
The RAF also donated reflective uniforms and school shoes to learners from Phahamisang and Mangaung primary schools.
The reflective gear is for wearing by learners manning scholar crossing points near their schools.