Road accidents and fatalities have cost the economy R143 billion in 2015, according to Gauteng Roads and Transport department chief engineer, Kobus Labuschagne.
Labuschagne presented statistics at the 2017 Southern African Transport Conference and Exhibition being held in Pretoria on Tuesday.
He said human casualty costs accounted for 69.3 percent of the total crash cost, while vehicle repairs accounted for 14.9 percent and related incident costs 15.8 percent.
Radio 702's Xolani Gwala says the financial implications should be convincing enough, and more needs to be done to invest in the prevention of road accidents.
If the deaths of thousands of people on our roads doesn't convince you and everyone else, that we should do something about this in our country, maybe the financial implications of these accidents will convince you. A statistic that came from the Southern African conference that is taking place in Pretoria is reinforcing the need to do something about this.— Xolani Gwala, 702 Breakfast Show anchor
We have got to wake up to the reality that we could be saving this country a lot of money if we invest in measures to deal with road accidents in South Africa. Maybe let's look at it form the financial point of view then because we are not convinced by the lives that are lost every year on our roads.— Xolani Gwala, 702 Breakfast Show anchor
Click on the link below to listen to the full audio....