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

Board Notice 194

28 January 2022

GG 45816

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 R315 504, with effect from 31 January 2022, 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 January 2022 (with base year December 2016 = 100). The rebased CPI index for May 2008 was 62.63. The CPI index for November 2021 was 123.5. This adjustment was calculated by multiplying the R 160 000 limit by 123.5/62.63.