News24 | Road Accident Fund loses court bid to shed liabilities with accounting change

The Road Accident Fund (RAF) has lost its audacious court bid to change the accounting standard used to compile its annual financial statements in defiance of the Accounting Standards Board, the Auditor-General, and its line department, the Department of Transport.

South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we’re about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.