US EditionNews24 | Creecy Dissolves Board of Road Accident Fund Amid Governance Failure
SOUTH AFRICA, JUL 15 – The board was dissolved due to governance failures, financial strain from costly litigation, and inability to fill key executive roles, causing loss of public and stakeholder confidence, officials said.
- On 15 July 2025, Transport Minister Barbara Creecy took the step of disbanding the entire board of South Africa’s Road Accident Fund due to persistent operational and leadership challenges.
- The decision followed escalating internal dysfunction, financial mismanagement, legal challenges over CEO Collins Letsoalo's suspension, and deep divisions within the board.
- RAF’s actuarial liabilities reached an estimated R322 billion by 2020, with costly litigation and frequent default judgments worsening its financial crisis and undermining public confidence.
- Msibi stated a new, transparent recruitment process will appoint a skilled, independent board, while the ministry plans reforms and a full expert review of RAF operations.
- The dissolution aims to restore stability, ensure timely victim compensation, and address systemic failures, but analysts warn the real test lies in new leadership delivering accountability and efficiency.
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15 Articles
RAF board dissolved amid scandal and leadership failures
South Africa’s Road Accident Fund (RAF) is undergoing a dramatic overhaul after Transport Minister Barbara Creecy officially dissolved the fund’s entire board following months of internal collapse, financial mismanagement, and leadership failures. In a statement, the Department of Transport confirmed that the decision followed escalating governance failures, ranging from reckless decision-making to boardroom infighting, and the inability to fill…
·Johannesburg, South Africa
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Transport minister dissolves RAF board
Transport minister Barbara Creecy has dissolved the board of directors of the Road Accident Fund after ongoing governance and operational challenges that have severely hampered the agency’s ability to fulfil its statutory mandate.
·Johannesburg, South Africa
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Total News Sources15
Leaning Left1Leaning Right2Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 17%
C 50%
R 33%
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