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We prepare an annual publication of financial and statistical information relevant to the assessment of damages for personal injury or death.

Old Newsletters

Summaries of all our previous newsletters are available and all can be downloaded in PDF format.
 

Claim Data Forms

Claim data forms are available for download in PDF format from our Document Library.

Other Documents

Other documents are available to download in PDF format from our Document Library.

Latest News

DECEMBER 2024

 

Below is a copy of the current newsletter.  Please click on each heading to see the contents.  Click here to download the PDF.


WE WISH YOU A VERY HAPPY XMAS
AND A PROSPEROUS NEW YEAR

The primary function of an industrial psychologist (IP)

“is to address the plaintiff’s employment prior to, and at the time of the accident, as well as her capabilities after the accident. Expressing an opinion based purely on the verbal information conveyed by the plaintiff is not of assistance as it is no more than speculative hearsay” (Ejike v Road Accident Fund [2024] ZAGPJHC 446). The Court declined to make an award for loss of earnings. In this instance there was reason to believe that documentary proof of earnings was available had the effort been made. However, this is not always so. South Africa has a huge informal undocumented economy. In many instances proof of earnings needs to be by way of affidavits by customers or suppliers.

As an actuary I see a large number of IP reports where the sayso of the claimant has been accepted without any attempt at verification. The RAF money is public funds and thus deserving some diligence in verification. There is also some abuse of earnings statistics. The knee-jerk assumption that a lowly earner will by some magic process progress to some median package is not always in accord with the claimant’s known earnings history. Loss of earnings claims paid by the RAF are now some 400% more in real terms than prior to the advent of IP’s. Attorneys and advocates should be diligent to send defective reports back to the IP for proper evidential backing by way of contact with the employer or affidavits by co-workers. The Quantum Yearbook includes suitable questionnaire documents (at pages 76 to 82 of QYB 2024). These documents are also available for free download from my website https://robertjkoch.com/.

Vital Statistics

CAP determination 31 October 2024: R368 025
CPI year-on-year to September 2024: 3,8%
RSA long bond yield R2030 November 2024: 8,0%
Real rate of return (8,0 less 3,8):  4,2%
Fed St Louis Property Index June 2024 (y/y real): -4,0%

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Quantum Yearbook

Quantum Yearbook
 

The Quantum Yearbook is a publication of financial and statistical information relevant to the assessment of damages for personal injury or death.  It includes tables of general damages awards updated for inflation to 2020.


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