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 R289 957, with effect from 31 January 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 31 January 2020 (with base year December 2016 =100). The rebased CPI index from May 2008 was 62.63. The CPI index for November 2019 was 113.5. This adjustment was calculated by multiplying the R160 000 limit by 113.5/62.63.
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