In South Africa, it is a requirement of the Labour Department, that all businesses register for COIDA. This is the workmen's compensation fund. By your company being registered and submitting annual documents, your employees may claim against the compensation fund, in case of disablement due to a work accident, or any occupational disease that they may have contracted during employment in your company.
The actual definition fo COIDA is :
To provide for compensation for disablement caused by occupational injuries or diseases sustained or contracted by employees in the course of their employment, or for death resulting from such injuries or diseases; and to provide for matters connected therewith.
SwiftReg helps you, the employer to register for COID, namely the compensation fund, quickly and easily.