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

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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 10AM English South Africa Business News · Investing

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