Today's Labour News

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southafricalogoFin24 reports that the Department of Labour (DOL) is intensifying its efforts to root out JSE-listed companies that contravene the Employment Equity (EE) Act.  

Recent amendments to the act will see businesses facing even harsher consequences for non-compliance, Justine Combrink of Mazars has cautioned.  She noted that the DOL has singling out the JSE Limited as one of the offenders warned to get their house in order and has issued a statement that it would be reviewing another 72 JSE-listed companies by the end of December 2017.  "This review will not only involve a test as to whether the plans are submitted and reported, but also an interrogation of the plans.  Any companies found not to have reported correctly will be hit with fines amounting to R1.5m," said Combrink.  Those failing to report on EE plans will also be subjected to a penalty of R1.5m.  Companies that did report an EE plan, but didn’t actually have or apply it, will possibly even be taken to criminal courts.  Labour Minister Mildred Oliphant has also warned that she would proclaim section 53 of the EE Act to block non-compliant companies from doing business with the state.

  • Read this report in full at Fin24


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