MVA FUND MANDATE
In accordance with Section 4(1) of Motor Vehicle Accident Fund Act, 2007, the mandate of the Fund is to;
- To provide compensation in the form of benefits as defined in section 20;
- To provide third party insurance cover to drivers and owners of motor vehicles in accordance with the provisions of section 20;
- To promote road safety and accident prevention; and
- To deal with all matters incidental to the carrying out of paragraphs (a), (b) and (c).
Injured in a road crash? We ensure you get appropriate medical care and rehabilitation.
Motor Vehicle Accident Fund, formally known as Motor Vehicle Insurance Fund was enacted in 1986. The Fund started operating in 1st January 1987. At the time, the Fund was mandated to provide compensation for certain loss or damage arising out of motor vehicle accidents.
The 1986 Act was later amended through MVA Fund Act No. 6 of 1998 which introduced new caps and limitations of benefits to ensure financial sustainability of the Fund.
The two Acts of 1986 and 1998 relied heavily on fault of the driver as the basis of the Fund’s liability and compensation, hence, were known as “fault systems”. On the contrary, the current Act which provides for automatic cover of claimants, irrespective of the cause of accident while providing limited cover to negligent parties hence it is referred to as a “hybrid system”.
current Act which provides for automatic cover of claimants, irrespective of the cause of accident while providing limited cover to negligent parties hence it is referred to as a “hybrid system”.
The Fund is currently implementing a 5 year (2023-2027) Strategic Overview called Mphatlalatsane.
This is the Fund’s Fourth Strategic Plan. The strategy stirs us towards to aggressively improving road safety on our roads and it calls on us to harness commitment and collaboration from all key stakeholders.
The Strategy is anchored in four key outcomes;Employee happiness,Safer Mobility,Fund’s Financial,Sustainability and Best Chance to Normal Life.
Safer Mobility and Best Chance to Normal Life.
To enhance the quality of life by promoting safer mobility, compensating , rehabilitating and supporting those affected by road traffic crashes.
Customer focus: We proactively assist our customers and stakeholders by delivering timely, consistent, and quality service.
Empathy: We will always place ourselves in the situation others find themselves in so that we create value for them and the communities they live in.
Teamwork: Our environment provides opportunities for us to develop team spirit and work together to create more value for our customers.
Integrity: We transparently do business and treat everyone with respect by displaying consistent moral ethical standards.
Innovation: We exploit our potential by thinking creatively and continuously improving what we do and how we do it, in pursuit of service excellence.