Road Accident Fund
The Road Accident Fund has announced a consumer price index (CPI)-related adjustment to the statutory limit in respect of claims for loss of income and support as a result of a motor vehicle accident.
The amount referred to under section 17(4)(c) of the Road Accident Fund Act 56 of 1996 has been adjusted to R307 074 with effect from 31 July 2021.
The announcement was published in Government Gazette 44981.
According to the notice, the purpose of the adjustment is to “counter the effects of CPI inflation”.
No claim for loss of income and support can exceed the latest limit.
Limits are adjusted on a quarterly basis in line with inflation.