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

Board Notice 138

29 October 2021

GG 45396

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, adjusts and makes known that the amounts referred to in subsection 17(4)(c) are hereby adjusted to R312 439, with effect from 31 October 2021, 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 2021 (with base year December 2016 = 100). The rebased CPI index for May 2008 was 62.63. The CPI index for August 2021 was 122.3. This adjustment was calculated by multiplying the R 160 000 limit by 122.3/62.63.