0800 007 269 (Toll Free)
Get Compliant from Anywhere, Easy and Fast!
0800 007 269 (Toll Free)

Get Compliant from Anywhere, Easy and Fast!

0800 007 269 (Toll Free)
Get Compliant from Anywhere, Easy and Fast!

Table of Contents

  • Business Compliance

COIDA Registration in South Africa

Learn more about how to register for coida in South Africa with Company Partners

Do you want to know more about COIDA Registration in South Africa?

In this article, we will discuss everything you need to know about COIDA Registration in South Africa as well as the process to complete your department of labour coida online registration easy and fast.

Don't have time to read? You can also watch an informative video on coida online registration below:

What is COIDA?

COIDA stands for the Compensation for Occupational Injuries and Diseases Act.

This Act ensures financial compensation to employees in the event of any injuries or diseases sustained at or during work. It also provides compensation in the case of work-related death.

This financial aid is called the Workmen’s Compensation Fund. The fund is a form of insurance that helps you compensate your employees reasonably in the case of work-related injuries, diseases or even death.

Who should Register for COIDA?

Any business with one or more employees should register their company for COIDA, as required by law.

The only exceptions are government departments and certain mining or building sectors who need to register with Rand Mutual Assurance (RMA).

Once your COIDA registration is complete, you will receive a Compensation Fund number, also referred to as a CF number.

This is your unique reference number that will be used when paying out claims or doing your Return of Earning submissions to the Department. The Department will then be able to pay your company out in the case of successful claims.

How to Register for COIDA in South Africa?

There are two main options to register for COIDA.

Option number 1: Register directly at the Department of Labour.

If you have the time to spare, are familiar with COIDA regulations, and don’t need one-on-one support through the registration process, this would be your best option.

Option number 2: Use COIDA Registration Specialists like Company Partners.

We facilitate the entire COID Registration process process for you. Even if you do not yet have any employees and you are the only director actively engaged in business, we can help you register and obtain a Letter of Good Standing for Tender applications.

Focus on your business and Company Partners will look after the red tape.

We will guide you through the registration process and our experienced specialists will equip you with the necessary tools and information you need to ensure your registration process is completed perfectly based on your business needs.

Our service allows you to keep track of your Return of Earning submissions and we also provide a progression letter to assist clients seeking to apply for urgent tenders, after we have received all the necessary information and payment from you.

We can register your business for COIDA anywhere in South Africa, online, easy and fast.

 
 

Need Assistance with your COIDA Registration?

Get a FREE Consultation with a trusted COIDA Specialist today and see how we can help you!
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How to get your Letter of Good Standing?

Once you are COIDA registered, you are able to apply for your Letter of Good Standing.

In order to successfully receive your Letter of Good Standing, you need to submit your Return of Earnings.

The Return of Earnings is an estimate of your total projected staff salaries for the year in advance. This total amount will be used to calculate what is due to the Compensation Fund. This return needs to be submitted every April of every year, as this is the month where the Letter of Good Standing expires each year.

So for example: If you get your Letter of Good Standing in February, it will expire in April the same year and you’ll need to renew it again.

Once your Return is submitted, the Department of Labour will assess the Return of Earnings. They will then send you a Notice of Assessment with the amount due to the Compensation Fund. Once you have paid this amount, the Letter of Good Standing will be issued to you.

 
Expert tip on department of labour coida online registration from Company Partners

Expert Tip: Use our Free COIDA ROE Calculator to determines the estimated Assessment Fee / Return of Earnings your business will need to pay.

Unsure how to use the ROE Calculator?
Learn more about our FREE COIDA ROE Calculator.

How it works

What are the Benefits of Registering for COIDA?

Here are the main advantages of registering your company for COIDA.

1. Tenders and Contracts. All tender applications require you to produce a Letter of Good Standing. It is important to note that having a Letter of Good Standing will not give you an unfair advantage in the awarding of any tender, but rather it grants you the opportunity to apply.

2. Employees’ protection. Being COIDA registered allows compensation of employees when injured at work. In the event of death of an employee, the dependents of the deceased qualify for benefits.

3. Less cost to Company. If the company’s Return of Earnings are up to date, the company will not be held liable for the expenses incurred when an employee gets injured at work.

4. Business Compliance. Ensure your business is compliant as it is required by law to be compliant with the Labour Department if you have employees. In industries relating to construction such as the NHBRC, COIDA registration is of the utmost importance.

 

In Summary

Well, there you have it. We hope you have learned everything you need to know about the COIDA Registration process in South Africa.

If you have more questions after reading this article, we have created a separate video and article on the FAQs about COIDA Registration in South Africa. Simply Click Here to watch it now! If you prefer reading the article, Click here.

Need assistance with your COIDA Registration? Signup a Free COIDA Consultation now!

Contact us today!
Contact us today!

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