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Oard Otices Aadskennisgewings: R 215 320.00, Aangepas Word Tot. It 215 320.00, Ten

The Road Accident Fund adjusts the statutory limit for claims of loss of income and support to R215,320.00 effective 31 January 2014 to counter the effects of inflation as measured by the CPI index. The CPI index for May 2008 was 78.1 and for November 2013 was 105.1, so the R160,000 limit was multiplied by 105.1/78.1 to calculate the adjustment.
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0% found this document useful (0 votes)
77 views

Oard Otices Aadskennisgewings: R 215 320.00, Aangepas Word Tot. It 215 320.00, Ten

The Road Accident Fund adjusts the statutory limit for claims of loss of income and support to R215,320.00 effective 31 January 2014 to counter the effects of inflation as measured by the CPI index. The CPI index for May 2008 was 78.1 and for November 2013 was 105.1, so the R160,000 limit was multiplied by 105.1/78.1 to calculate the adjustment.
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© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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R O A D A C C I D E N T F U N D P A D O N G E L U K F O N D S

A D J U S T M E N T O F S T A T U T O R Y L I M I T
I N R E S P E C T O F C L A I M S F O R L O S S O F
I N C O M E A N D L O S S O F S U P P O R T
T h e R o a d A c c i d e n t F u n d h e r e b y , i n
a c c o r d a n c e w i t h s e c t i o n 1 7 ( 4 A ) ( a ) o f t h e
R o a d A c c i d e n t F u n d A c t , A c t N o . 5 6 o f
1 9 9 6 , a s a m e n d e d , a d j u s t s a n d m a k e s
k n o w n t h a t t h e a m o u n t s r e f e r r e d t o i n
s u b s e e t i o n 1 7 ( 4 ) ( c ) a r e h e r e b y a d j u s t e d t o
R 2 1 5 3 2 0 . 0 0 , w i t h e f f e c t f r e t ) " 3 1
J a n u a r y 2 0 1 4 , t o c o u n t e r t h e e f f e c t s o f
C P I i n f l a t i o n .
N o t e : T h e . C P I i n d e x b a s e d o n t h e n e w
" b a s k e t a n d w e i g h t s " w a s u s e d t o c a l c u l a t e
t h i s a d j u s t m e n t , e f f e c t i v e f r o m 3 1
3 a n u a r y 2 0 1 4 ( w i t h b a s e y e a r
D e c e m b e r 2 0 1 2 = 1 0 0 ) . T h e r e b a s e d C P I
i n d e x f o r M a y 2 . 0 0 8 w a s 7 8 . 1 . T h e C P I i n d e x
f o r N o v e m b e r 2 0 1 3 w a s 1 0 5 . 1 . T h i s
a d j u s t m e n t w a s c a l c u l a t e d b y m u l t i p y i n g
t h e R 1 6 0 0 0 0 l i m i t b y 1 0 5 . 1 / 7 8 . 1 .
A A N P A S S I N G V A N S T A T U T E R E L I M I E T
T E N O P S I G T E V A N E I S E V L R V E R L I E S
A A N I N I C O M S T E E N O N D E R H O U D
D i e P a c i o n g e l u k f a n d s m a a k o o r e e n k o m s t i g
a r t i k e i 1 7 ( 4 A ) ( a ) v a n d i e
P a d o n g e l u k f o r i d s w e t , W e t N o 5 6 v a n 1 9 9 6 ,
s o l o s g e w y s i g , b e k e r i d d a t , m e t e f f e k V a r r e
3 1 J a n u a t i e 2 0 1 4 1 d i e b e d r a e v i r _ a a r n a
v e r w y s w o r d i n s u b a r t i k e i 1 7 ( 4 ) ( 0
a a n g e p a s w o r d t o t . I t 2 1 5 3 2 0 . 0 0 , t e n
u f t w e r k i n g v a n V P I i n f l a s i e t e e n t e
w e k
* e a t k e n n i s : D i e V P I i n d e k s s s e e r o p
d i e n u w e " m e n d * e n g e w i g t e i s g e b r u i k
o m N e t t i e a a n p a s s i n g , e f f e i c t i e f v a n a f
3 1 l a n u a r i e 2 0 1 4 , t e . b e r e k e n ( m e t
b a s i t j a a r D e s e m b e r 2 0 1 2 = 1 0 0 ) . D i e
h e r a a n g e p a s t e V P I i n d e k s v i r M e i 2 0 0 8 w a s
7 8 . 1 . D i e W I i n d e k a v i r N o v e m b e r 2 0 1 3
w a s 1 0 5 . 1 . H i e r d i e a a n p a s s i n g w a s b e r e k e n
d e u r d i e R 1 6 0 0 0 0 l i m i e t t e v e r m e n i g v u l d i g
m e t 1 0 5 . 1 / 7 8 . 1
STAATSKOERANT, 31 JANUARIE 2014 No. 37262 53
This gazette is also available free online at www.gpwonline.co.za
BOARD NOTICES
RAADSKENNISGEWINGS
BOARD NOTICE 8 OF 2014 RAADSKENNISGEWING 8 VAN 2014

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