But first, let me read about 10 people killed in Maritzburg, the dropped Nulane charges, and how we’re no closer to finding out who killed AKA. At least Uncle Waffles jammed at Coachella but the thing is, even under decades of apparently transformative laws, most South Africans won’t be able to afford to buy a boerie roll outside an […]
Most unfortunately, President Cyril Ramaphosa has signed the new BEE transformation rules for South Africa into law. The Employment Equity Act brought into our statute book 20 years ago has not only been disastrous as a piece of legislation, but it has had far-reaching destructive effects on the business community. Government officials have unfortunately taken […]
Companies with more than 50 employees that do not comply risk penalties of up to R2.7m, or 2%-10% of annual turnover Stinging penalties and a bar on doing business with the state are in store for companies that fail to meet the new requirements of the Employment Equity Act. Due to an amendment bill to […]
President Cyril Ramaphosa has signed the Employment Equity Amendment Bill of 2020 into law, heralding a host of new controversial transformation laws that will have a significant impact on businesses and employment in South Africa. The new laws give the minister of employment and labour wide-ranging powers to establish set employment equity targets across various […]
In what has been dubbed a landmark first for Absa group, the bank has confirmed it will launch its R11.2bn Black empowerment share scheme later this year. Subject to shareholder approval, the new broad-based black economic empowerment (B-BBEE) transaction is set to strengthen Absa’s B-BBEE credentials in South Africa. It will also provide communities as […]
Michael Morris’s most recent column refers (“ANC scandalously sustains apartheid legacy of racial laws”, January 30). The problem goes way beyond the ANC. The buck doesn’t even stop with the president, but with parliament. Ever since 1998 parliament has been complicit in the extralegal rewriting of the Employment Equity Act (EEA). All official statistics supposedly […]
“There are several small organisations that run their agencies intentionally, consciously, quietly and make decisions that interrupt the status quo. These decisions ensure a more humane, inclusive working environment and it is time for bigger organisations to follow suit,” she says. Makhubela believes there are five key points that need addressing for change to happen. […]
The good news is, according to the World Economic Forum’s (WEF) Global Gender Gap Report, the gap has actually been closed by 68%. But despite this progress, it will still take 132 years to achieve full parity. Worse still, according to data from the same report heading into 2020 (pre-pandemic), the gap was set to […]
The Employment Equity Amendment Bill will bring about two important changes. The one important change relates to who must comply with the act and makes it less onerous for small businesses. The other important change relates to powers given to the minister of Labour and Employment regarding sectoral targets. The Employment Equity Amendment Bill delivers […]