Board Notice 104

13 August 2021

GG 44981

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 R307 074, with effect from 31 July 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 July 2021 (with base year December 2016 = 100). The rebased CPI index for May 2008 was 62.63. The CPI index for May 2021 was 120.2. This adjustment was calculated by multiplying the R 160 000 limit by 120.2/62.63.