Huge Fines For JSE-listed Firms That Ignore Employment Equity Targets

--:--
Adv Fikiswa Mncanca- Bede - Chief Director Statutory and Advocacy Services in the Labour Dept talks about JSE-listed companies will be slapped with a minimum penalty of R1.5m if found to not be complaint with employment equity targets, an official of the department of employment and labour has said.

Fikiswa Mncanca-Bede, the department’s chief director for statutory and advocacy services, told businesses and employment consultants on Friday that the department would be revisiting JSE-listed companies during the first quarter of the year to monitor compliance with the Employment Equity Act five years after approving their plans...
30 Jan 2023 1PM English South Africa Business News · Investing

Other recent episodes

SA has to manufacture its way to success.

GUEST – Amith Singh is national manager: manufacturing at Nedbank Commercial Banking. The discourse on SA’s manufacturing sector paints a picture of a once-thriving cornerstone of the economy now grappling with multifaceted challenges. Since the mid-2000s the industry has experienced steady decline, and so too its contribution to GDP. Figures…
24 Apr 2PM 9 min

INSIDE YOUR BUSINESS – iWYZE

GUEST - Nkazi Sokhulu - iWYZE CEO If you’re a homeowner, your house is probably your biggest asset, and you want to protect your investment against the unexpected. That’s where homeowners insurance kicks in. Since its founding, Old Mutual iWYZE has worked to become the wisest choice in insurance in…
24 Apr 2PM 15 min

Analysis: SA's agricultural policy after elections

Guest - Wandile Sihlobo - Chief Economist of the Agricultural Business Chamber of South Africa (Agbiz) Recent electoral polls continue to suggest that no single political party will win an outright majority in South Africa's 2024 national elections due to take place on 29 May. This creates uncertainty regarding the…
24 Apr 2PM 14 min

Innovative tech to help people living with diabetes

GUEST – Dr Grant Newton - CEO of the Centre for Diabetes and Endocrinology Two healthcare companies in the South Africa, 3Sixty Global Solutions Group and the Centre for Diabetes and Endocrinology (CDE) are introducing devices to help people living with diabetes monitor blood sugar levels without injections or needles…
23 Apr 2PM 11 min

How to plan for retirement and make your money last longer

People across the world are living longer, with economists forecasting that living to 120 years is now an imaginable concept within the next decade. Furthermore, the World Health Organisation (WHO) predicts that by 2030, one in six people worldwide will be aged 60 or above, and the number of individuals…
23 Apr 1PM 15 min