Road Accident Fund Act, 1996 (Act No. 56 of 1996)

Board Notice 129

30 October 2020

GG 43855

Road Accident Fund

The Road Accident Fund hereby, in accordance with section 17(4A)(a) of the Road Accident Fund Act, No. 56 of 1996, as amended, adjusts and makes known that the amounts referred to in subsection 17(4)(c) are hereby adjusted to R297 877, with effect from 31 October 2020, to counter the effects of CPI inflation.

Note: The CPI index based on the new “basket and weights” was used to calculate this adjustment, effective from 31 October 2020 (with base year December 2016 = 100). The rebased CPI index for May 2008 was 62.63. The CPI index for August 2020 was 116.6. This adjustment was calculated by multiplying the R 160 000 limit by 116.6/62.63.