What then is the purpose of the provision that the director-general may take into account the degree of representativeness in the workforce? If you have always believed that everyone should play by the same rules and be judged by the same standards, that would have got you labelled a radical 60 years ago, a liberal […]
President Cyril Ramaphosa recently signed the Employment Equity Bill into law, which empowers the government to set specific equity targets and regulate sector-specific employment equity (EE) targets. The new legislation requires companies with more than 50 employees to submit employment equity plans and annual reports to the Department of Employment and Labour. This increased transparency […]
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 […]
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 […]
Trade union Solidarity has provided screenshots from Eskom’s proposed Employment Equity Plan for 2023–2025 to prove the power utility has plans to get rid of 500 white male workers in the next two years. This comes after Eskom said in a statement on Friday, “there are neither plans nor decision to retrench any employees, whatever […]
Eskom has assured the public that there are no plans to retrench any staff members nor has a decision to retrench any employees been taken. This assertion comes after trade union Solidarity alleged in an article that Eskom intends to retrench 500 employees, whom it alleged are “white maintenance workers,” as part of the latest […]
