A matter of life and death…
Jonathan Holden, Managing Executive of Insurance at Innovation Group South Africa and Andrew McLintock, Enterprise Solutions Architect and Managing Director of Foxfire-BI Consulting,
explain that vehicle accidents cost the South African economy anywhere between R200bn and R325bn every year. If we accept somewhere in the middle as the most realistic figure and divvy this amount up between the number of accidents on our roads annually (960 000 according to the AA), we could estimate that each accident takes a whopping R274 000 bite out of our collective wealth.