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with Horizons in
180+ countries
South Africa
South Africa does not have a comprehensive public healthcare system. In South Africa, healthcare is bought into through private plans or public plans. The private healthcare plans offer higher quality services and facilities but it can be expensive and only accessible to a small fraction of the population.
With Horizons’ South Africa PEO on your side, localized benefits for South Africa, including Unemployment Insurance, Accident & Life Insurance as well as Full Health Benefits are offered seamlessly.
The South African pension system is based on a three-pillar system. The first pillar is a non-contributory means-tested South African Social Security Agency (SASSA) grant provided to the majority of pensioners. The second pillar consists of various insurance-based employee and company pensions and provident funds. The third pillar consists of private pensions and insurance arrangements.
South Africa gives disability grants to those who are unable to work: This is a form of social assistance provided to South African citizens, permanent residents, or refugees who live in South Africa and have a disability which is confirmed by a medical professional. The disability must be severe enough to prevent the person from working and it must be expected to last for at least one year. In addition, if the injury happened at work then the individual could have a right to funds from a worker’s compensation fund (COIDA).
There are good unemployment benefits in South Africa. The Unemployment Insurance Fund (UIF) provides short-term relief to workers when they become unemployed or are unable to work because of maternity, adoption and parental leave, or illness. The benefits are only available to employees if they have been contributing to the UIF while working. Employees cannot claim if they have resigned, been suspended or absconded from work.
Hire borderless talent with Horizons
Your business can easily hire employees in South Africa without opening a local entity. We handle local employment law, complex tax regulations, and international payroll in 180+ countries worldwide. All you need to do is focus on your business.
In South Africa, employers must provide certain guaranteed benefits to employees as part of a benefit management program. These include paid annual and sick leave, maternity leave, public holidays off, and unemployment insurance. Furthermore, health insurance policies are mandatory for all employers with at least 50 employees.
Horizons will help you cover all the mandatory benefits for employees in South Africa to ensure your company maintains compliance with South African labor laws. They will also ensure that employees receive a level of benefits coverage, where that is market standard and sought by companies.
