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

Board Notice 62

29 May 2020

GG 43358

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 R294 300, with effect from 30 April 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 30 April 2020 (with base year December 2016 = 100). The rebased CPI index for May 2008 was 62.63. The CPI index for February 2020 was 115.2. This adjustment was calculated by multiplying the R160 000 limit by 115.2/62.63.