Investments drive MVA Fund to healthy surplus

Although its primary source of income, the Fuel Levy was reduced from 9.5 thebe a litre to five thebe a litre, a stronger performance by the Fund’s local and offshore investments saw comprehensive income rising to P275.6 million from P164 million in the prior year.

In the year, the fund’s expenses rose 16% to P284 million as claims from accident victims soared due to escalated medical costs with chairman, Freddy Modise saying the lack of standard regulated medical tariffs continues to make it difficult for them to effectively manage their medical costs.