If they have not done so yet, South African businesses should have reached a critical turning point in perceptions of road safety. Organisations can no longer afford to view accidents as merely unfortunate incidents that are covered by insurance anyway. The true economic impact extends far beyond this, touching every corner of a business’s financial health.
The Road Traffic Management Corporation (RTMC) reports there are between 11 000 and 13 000 deaths in the country each year. Globally, South Africa is ranked as one of the most dangerous countries in which to drive.
Within fleets, accidents have staggering immediate costs which, when quantified correctly can equal anywhere between R48 000 for minor crashes and R5,4 million for more serious incidents. Additionally, these figures are based on a report written by the RTMC and Council for Scientific and Industrial Research (CSIR) in 2015 – meaning these costs are likely significantly higher.
The iceberg
Crashes have…
