‘Simple way’ to settle RAF claims backlog
De Bruyn said the future RAF funding model will likely be a hybrid model, comprising the RAF levy in the fuel price, an insurance top-up for people who want additional benefits, and the involvement of the private sector, funders who will be prepared to buy some of the debtors books and liabilities.
While the future of the RAF and its funding challenges are being considered, Aprav vice chair Pieter de Bruyn, speaking at the National Press Club in Pretoria on Thursday, said a new RAF funding model cannot be implemented without addressing the backlog of claims.
De Bruyn said the RAF levy in the fuel price would not provide sufficient funding for the fund for the future but this is not because of consumers moving to electric vehicles (EVs).
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