COMPENSATION FUND: CHANGE OF BANKING DETAILS EFFECTIVE 1 AUGUST 2025
The Acting Compensation Commissioner has published a Gazette notice with regards to the change in banking details for Payments made to the Compensation Fund.
To access this Gazette, please use the link below:
Compensation for Occupational Injuries and Diseases Act: Change in banking details, effective 1 August 2025
The notice is attached below for your convenience.
DEPARTMENT OF EMPLOYMENT AND LABOUR NOTICE 3495 OF 2025
Compensation Fund,
Delta Heights Building
167 Thabo Sehume Street,
Pretoria
0001
Tel: 0860 105 350 |
Email address: cfcallCentre@labour.gov.za
www.labour.gov.za
CIRCULAR: NOTIFICATION OF CHANGE IN BANKING DETAILS // NEDBANK BANK ACCOUNTS TO: ALL EMPLOYERS, BENEFICIARIES, SERVICE PROVIDERS, AND ANY OTHER ST
1. Pursuant to the provisions of the Compensation for Occupational Injuries and Diseases Act, 1993 (Act No.130 of 1993), the Compensation Fund hereby notifies all stakeholders and members of the public of the following updated banking arrangements:
2. Effective 01 August 2025, all monetary deposits to the Compensation Fund shall be made exclusively into the newly designated Nedbank accounts as specified below
Account name : Compensation Fund – Contribution Account
Account number : 1286471001
Purpose : For the deposits of Return of Earnings (ROE) only.
Reference number : The contract account number, the number that starts with “99”.
Account name : Compensation Fund – Pension Account
Account number : 1286471931
Purpose : For the overpayments of pension benefits only.
Reference number : Pension number or business partner number, the number that starts with “10” or “20”.
Account name : Compensation Fund – Medical Account
Account number : 1286471621
Purpose : For the overpayments of medical benefits only.
Reference number : Claim number or business partner number, the number that starts with “20”.
Account name : Compensation Fund – Compensation Account
Account number : 1286471494
Purpose : For the overpayments of compensation benefits only.
Reference number : Claim number or business partner number, the number that starts with “10” or “20”.
Account name : Compensation Fund – Procurement Account
Account number : 1286471230
Purpose : For the overpayments related to the service providers.
Reference number : The business partner number, the number that starts with “10” or “20”.
3. Employers and other entities are required to adhere strictly to the prescribed reference numbers to facilitate accurate reconciliation of payments.
4. This notice serves as the official communication regarding the updated banking details, and all prior account information is hereby superseded. Failure to comply with these directives may result in delays in processing payments.
5. For further information or clarification, stakeholders are advised to please contact the Compensation Fund directly on:
� Email: Clarification@labour.gov.za
� Call Centre: 0800 321 322/0860 105 350
Ms Farzana Fakir
Acting Compensation Commissioner
2025/08/11
