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

Board Notice 94

27 July 2018

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 R273 863, with effect from 31 July 2018, 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 July 2018 (with base year December 2016 = 100). The rebased CPI index for May 2008 was 62.63. The CPI index for May 2018 was 107.2. This adjustment was calculated by multipying the R 160 000 limit by 107.2/62.63.