Employment Equity (EE) report submissions are now open and will run from 01 September 2019 to 15 January 2020. Failure to comply will see fines ranging from 2 – 10% of a company’s turnover. This mandatory submission is relevant to all companies with a headcount of 50 employees or more and to those with an annual turnover above the required threshold (varies per industry).
The delinquency provisions in the Companies Act are emerging as a key remedy against misconduct by directors in both the public and private sectors. What we have seen recently is that these delinquency provisions are increasingly being used to hold directors to account for misconduct. Directors must take note of this, because the penalties are extremely severe.
“The world would be a better place if men thought like women.” This is the conclusion of John Gerzema and Michael D’Antonio, the authors of The Athena Doctrine, published in the aftermath of the 2008 global financial meltdown – the direct result of testosterone on steroids!
Being a woman who works in a male-dominated profession teaches you an incredible self-discovery and how to believe in yourself. Working my way up to a financial director has been one of the most challenging, and yet equally rewarding experiences of my career. My almost 8-year journey has been one of incredible self-discovery and of making a noise in this male-dominated industry.
People in corporate environments are often put off by the idea of storytelling as the first thing that comes to mind are fairy tales. But storytelling is a very powerful mechanism that can be used to help employees at every tier of an organisation understand the corporate strategy, the vision and their role in achieving a company’s objectives. It is also a way for leaders to be powerful communicators who can deliver a message that resonates with employees.
Franchising worldwide continues having a 90% success rate as opposed to 10% for those starting a business on their own and whilst the sector in South Africa contributes around R721 billion to the country’s GDP. Yet there are still many businesses masquerading as franchises when in fact their business models are far from that of a franchise.