The average waiting period for the claims process to run from initiation stage to settlement is three years.
The organisation has the objective of whittling this down to just one year, according to aSABC Newsreport.
As of 31 March the previous year, the fund reportedly accumulated an annual deficit of R5.3 billion.
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Claims of up to R14 billion were finalised but could not be paid due to financial cash flow challenges.
Just days ago, the sheriff of thecourtattached assets of the Department of Transportdue to the unpaid claims.
He was the Head of Current Affairs at Briefly News.
The Road Accident Fund (RAF) plans to put its money where its mouth is by heavily slashing down on the current turnaround time for claim payouts. Image: ER Lombard/ Gallo Images.Source: Getty Images
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