When you have people working for you, it's not only important to ensure their safety at work, but also to make provisions should an accident or injury occur during the course of their duties. Registering with the Compensation Fund will protect you and your employees in this regard. Besides your legal obligation, a worker injured or disabled at work can be a major (and often unforeseen) expense, but if you belong to the Fund, it will provide the cover and avoid and potential legal action taken against you.
The Unemployment Insurance Fund (UIF) acts as a temporary safety net for employees who are retrenched or unable to work due to illness or maternity leave. You have a moral and legal obligation to register with this fund and contribute on behalf of your employees. It's not as complicated or costly as you might think. The attached guide will help you navigate the steps you need to follow in order to register and pay the UIF.
When you own a small business, you often get to know your employees on a personal level and they become more like family. They in turn also have families to support, so providing benefits to your workers will go a long way in assisting them once they leave your employ. In this article we explore your options when you want to provide for your employees' retirement.
What if one or more of your key staff members - responsible for continuity - or your business partner becomes disabled, or worse, di
Sanlam is a diversified financial services group, headquartered in South Africa, operating across a number of selected global markets. We have been creating value for stakeholders since 1918 – for more than 100 years. Sanlam is one of the biggest internationally active insurance groups globally, and is classified as a domestic systemically important financial institution in South Africa. We contribute to financial resilience and prosperity in all the markets where we are present.