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Insolvent state-owned company in South Africa dishes out over R6.7 million in bonuses – BusinessTech

Executives of the embattled Road Accident Fund (RAF) gave themselves R6.74 million worth of performance bonuses in the 2024/25 financial year – with the controversial former CEO getting a comfortable R2.8 million bonus. This comes while the RAF, South Africa’s government insurer funded by a R2.18-per-liter fuel levy, is in severe financial and governance crisis.…

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