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ECS2604 Exam Pack 2023
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ECS2604EXAM PACK
,
, ECS2604
LABOUR ECONOMICS
PAST EXAM PACK QUESTIONS AND ANSWERS
(2020 – 2014)
2020 MAY/JUNE EXAM QUESTIONS AND ANSWERS
2020 SUMMARISED NOTES
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ECS2604: LABOUR ECONOMICS
MAY/JUNE 2020 EXAM MEMO
UNIQUE NUMBER: 477965
SUB SECTION A1 QUESTION 1
According to the theory of demand, discuss and illustrate by means of a
graph the implication of the amendment of Compensation for
Occupational Injuries and Diseases Act no 61 of 1997? (10)
COMPENSATION FOR OCCUPATIONAL INJURIES AND DISEASES ACT,
1993
AS AMENDED BY ACT 61 OF 1997
AIM OF THE BILL
The Act was promulgated with the objective of providing compensation for: -
1. Disablement caused by occupational injuries or
2. Diseases sustained or contracted by employees in the course of their
employment, or
3. Death resulting from such injuries or diseases.
The Act establishes a compensation fund which consists of penalties and
assessments paid by employers, interests on investments of the compensation
fund and moneys vested in the fund. This is to be used for payment of
compensation, the cost of medical aid and witness fees.
Chapter 6 of the Act deals with calculations that are to be taken into
consideration when compensating an employee for temporary total
disablement and permanent disablement. Permanent disablement of
employees in training or less than 26 years of age, compensation if an
employee dies, if an employee previously received compensation, pensions
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