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

Board Notice 1

29 January 2021

GG 44103

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 R299 154, with effect from 31 January 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 January 2021 (with base year December 2016 = 100). The rebased CPI index for May 2008 was 62.63. The CPI index for November 2020 was 117.1. This adjustment was calculated by multiplying the R 160 000 limit by 117.1/62.63.