The business is in compliance with all legal requirements for social security (registration and payment)

What does this mean?

Social security has two components

  1. Unemployment Insurance Fund (UIF)
    • UIF is calculated at 2% of an employees’ monthly gross salary.  1% of this needs to be contributed by the company and 1% by the employee, although both need to be paid over by the employer on a monthly bases.  There are two options for paying UIF. This can either be done via eFiling as explained above or via u-filing though the Department of Labour if you are not registered for eFiling.
  2. Worker’s Compensation  (WC)
    • Workers' compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment.  All employers must register with the Compensation Fund so that workers can claim compensation for any occupational injuries.

What do I do?

Unemployment Insurance Act, No. 63 of 2001
Unemployment Insurance Amendment Act, No. 32 of 2003
Unemployment Insurance Contributions Act, No. 4 of 2002
Compensation for Occupational Injuries and Diseases Act, No. 130 of 1993