RAF warns of major revenue losses eNCA
The fund's current operating model has been identified as the biggest contributor to its financial woes.The fund stated it will be implementing a new operating model over the next five years.READ:Currently, it takes up to five years to finalise a case.
The RAF said it had neglected its primary mandate to settle and investigate claims and had instead been attending to legal battles that cost billions of rand. According to the fund, in the last few years its legal expenses have ballooned to just over R10-billion from just over R900-million in 2008.
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