This news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.BL Premium reports that trade, industry & competition minister Parks Tau has called for tougher compliance of broad-based BEE legislation by private sector firms as he seeks to drive empowerment and transformation by his department.
Though conceding that the legislation had not achieved its intended aim of economic redress, Tau said the department and the BBBEE commission would work together to “encourage” firms to comply with the empowerment legislation. He said on Tuesday during the tabling of his department’s budget vote in the National Assembly: “In the short term, the department and commission will engage organised business, labour and other stakeholders to encourage firms to comply.” In addition, his department will combine monitoring resources to strengthen the BBBEE commission’s capacity to monitor compliance and emerging trends. The commission’s ability to enforce compliance is limited as it can only make recommendations to a court of law and cannot directly issue fines as can the Competition Commission for findings of bad practice. Two decades after SA’s BEE legislation was enacted in 2003, the commission estimates black people own about 30% of the economy with black women owning 14%. But empowerment numbers tend to be contested, with a variety of different metrics and targets used in the public and private sectors to measure it.
- Read the full original of the report in the above regard by Thando Maeko at BusinessLive (subscriber access only)
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