{"id":143977,"date":"2016-11-22T07:23:09","date_gmt":"2016-11-22T05:23:09","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=143977"},"modified":"2016-11-22T07:23:09","modified_gmt":"2016-11-22T05:23:09","slug":"road-accidents-costing-sas-economy-billions","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/143977\/road-accidents-costing-sas-economy-billions\/","title":{"rendered":"Road accidents costing SA&#8217;s economy billions"},"content":{"rendered":"<p>Road accidents are costing South Africa\u2019s economy R142.95 billion, says Transport Minister Dipuo Peters.<\/p>\n<p>This was according to a 2016 study conducted by Road Traffic Management Corporation (RTMC) and the Council for Scientific &amp; Industrial Research (CSIR).<\/p>\n<p>Speaking on Monday at the 3rd National Road Safety Summit in Durban, Minister Peters said the loss on the economy translated to 3.4% of South Africa\u2019s Gross Domestic Product (GDP), and it was 1.4% higher than the international benchmark.<\/p>\n<p>These costs included human casualty which stood at 69.3%, while vehicle repairs cost 14.9% and incidents and infrastructure cost 15.8%.<\/p>\n<p>\u201cWe cannot afford to allow the economic impact of road fatalities to circumvent our common vision and objectives as spelled out by the National Development Plan (NDP), which seeks to address the triple challenges namely, unemployment, poverty and inequality by 2030,\u201d Minister Peters said.<\/p>\n<p>Minister Peters said the department was also in the process of establishing Community Road Safety Councils as part of its social up-liftment and reconstruction programme in line with the NDP.\u00a0The structures will be established by 2017.<\/p>\n<p>\u201cWe are working on the process of enhancing the inclusion of road safety in the school curriculum especially as part of life orientation,\u201d she said.<\/p>\n<p>The department is also working at introducing traffic courts to give necessary attention to traffic offences which are viewed as negligible offences.<\/p>\n<p>Read: <strong><a href=\"https:\/\/businesstech.co.za\/news\/motoring\/137521\/how-much-the-road-accident-fund-pays-out-for-claims\/\" target=\"_blank\">How much the SA road fund pays out for the average accident claim<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Road accidents are costing South Africa\u2019s economy R142.95 billion, says Transport Minister Dipuo Peters.<\/p>\n","protected":false},"author":33,"featured_media":94247,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[25],"class_list":["post-143977","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-active"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/143977","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=143977"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/143977\/revisions"}],"predecessor-version":[{"id":143979,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/143977\/revisions\/143979"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/94247"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=143977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=143977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=143977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}