News FlashesOctober 31, 2023

CRS News Flash 19 October 2023 – SOUTH AFRICA – COIDA Monthly Pensions and Manner of Calculating Compensation

OCTOBER 2023 – SOUTH AFRICA

COIDA MONTHLY PENSIONS AND MANNER OF CALCULATING COMPENSATION
It is important that employers note the following:

 

Amendment of Schedule 4 of the Compensation for Occupational Injuries and Diseases (COID) Act

Government Gazette 49458 Notice 2079 of 2023 was published on 13 October 2023, whereby the Minister of the Department of Employment and Labour informed all relevant parties of the increase to monthly pensions with 7.5% with regards to accidents which occurred before 31 March 2023, and occupational diseases which were diagnosed before 31 March 2023. The increase is to be effective from  1 April 2023.

In addition, the Minister of the Department of Employment and Labour amended Schedule 4 of the COID Act for accidents that occurred from 1 April 2023, as well as occupational diseases diagnosed from 1 April 2023.

The minimum and maximum compensation set out in the notice will be implemented with effect from 1 April 2023.

The schedule is amended as follows:

To view the government gazette, follow the link.

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