South Africa - Increase in OID Earnings Threshold Effective 1 March 2024

South Africa - Increase in OID Earnings Threshold Effective 1 March 2024

The Minister of Employment and Labour published Government Gazette 50386 (Notice 2390 of 2024) on 27 March 2024, increasing the OID earnings threshold as follows:

  • from R568 959 per annum (limit for 2023/2024),
  • to R597 328 per annum effective 1 March 2024 (limit for 2024/2025).

The OID earnings threshold is the maximum amount of earnings per annum per employee on which an assessment of an employer is calculated in terms of section 83(8) of the Compensation of Occupational Injuries and Diseases Act (COIDA).