Employee Benefits in South Africa 2018
Summary
South Africa has a well-developed social security system, which covers employees and their dependents, as well as unemployed persons and individuals. The Department of Labor (DoL) is the central labor administration body, and is regulated by Ministry of Labor. The South African social security system is composed of three pillars: the non-contributory pillar (taxed pillar), the contributory pillar and the private voluntary pillar. The contributory
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- List of Tables
- Table 1: Insurance Industry Definitions
- Table 2: South Africa - Country Statistics
- Table 3: South Africa - Leaves: Fixed National and Public Holidays
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- Table of Contents
- 1 EXECUTIVE SUMMARY
- 2 INTRODUCTION
- 2.1 What is this Report About?
- 2.2 Definitions
- 3 COUNTRY STATISTICS
- 4 OVERVIEW OF EMPLOYEE BENEFITS IN SOUTH AFRICA
- 5 REGULATIONS
- 6 STATE AND COMPULSORY BENEFITS
- 6.1 Retirement Benefits
- 6.1.1 Introduction
- 6.1.2 Eligibility
- 6.1.3 Age
- 6.1.4 Benefits
- 6.1.5 Payment Options
- 6.1.6 Typical Employer Practice
- 6.1.7 Employee and employer contributions
- 6.1.8 Taxation
- 6.2 Death in Service
- 6.2.1 Introduction
- 6.2.2 Eligibility
- 6.2.3 Benefits
- 6.2.4 Payment O
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