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 R302 731, with effect from 30 April 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 30 April 2021 (with base year December 2016 = 100). The rebased CPI index for May 2008 was 62.63. The CPI index for February 2021 was 118.5. This adjustment was calculated by multiplying the R 160 000 limit by 118.5/62.63.
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