Faster turnaround time for registration of companies as well as efficiency of submission of Return-of- Earnings are some of the latest innovations the Compensation Fund (CF) has come up with in its new claims management system.
Vuyo Mafata, CF Commissioner, was addressing dozens of stakeholders at a breakfast networking session in Port Elizabeth (PE) on Saturday. He was meeting with South African Women in Construction.
Other CF – Filing benefits include streamlined processes, end-to-end referencing and reconciliation of payments, online payment mechanisms to major banks as well as improved validation of user information. In exceptional cases, we allow walk-ins to assist our clients,'' the Commissioner said
The objective of the CF is to provide compensation for disablement caused by occupational injuries or diseases. It is an entity of the Department of Employment and Labour.
Among the challenges the Fund faced over the years were registration of employers, which took up to 90 days as well as incorrect reference numbers being used thus leading to misallocation of funds in the payments of assessments.
Other challenges with the previous and current system include:
However, through the e-COID project the fund has realised improved validation of user information – faster turnaround time for registration of companies at the fund as well as efficiency of submission of Return of Earnings, Mafata said.
Other significant benefits of the new claims system were:
The Fund has said less than 50 percent of employers submitted their Return of Earning. “We are here to support employers in terms of compliance" he said.
The Fund's next session is to be held in Queenstown in conjunction with the Border – Kei Chamber of Business as follows:
Date: 13 November 2019
Venue: Queens Casino, Queenstown (Komani)
Time: 08:00 – 10:00
Cost: FREE
For enquiries contact:
Franco Mabuya
060 989 8675
franco.mabuya@labour.gov.za
-ENDS-
Issued by: Department of Employment and Labour
© 2019 - The South African Department of Employment & Labour