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The Road Accident Fund’s days could be numbered if Maponya Attorneys gets its way.
It has applied to the Gauteng High Court for the state entity to be wound-up.
Maponya, which was appointed to the fund’s panel in December 2014, says given the financial peril the RAF is in, a court-ordered winding-up is the fairest outcome for all stakeholders.
The fund is insolvent as its total liabilities exceeded its assets by R262.11 billion according to its 2018/19 annual report.
Maponya is owed R20.6 million and fears that in the rush of civil claims against the RAF, it and other creditors could lose out to those who have already attached assets.
