Tag: Employment Equity (EE)

For many companies, transformation requirements such as Broad-Based Black Economic Empowerment (B-BBEE), compliance still feel like an administrative burden. However, the Youth Employment Service (YES) initiative challenges that perception. It goes beyond compliance by offering a practical and cost-efficient tool for business growth and flexibility.

Samsung has retained its Level-1 B-BBEE status for six (6) years in succession. This is a true testament of Samsung’s 30-year commitment and the positive impact its continuous investment has had, to the country’s transformation agenda.

On 1 February 2024, new Draft Regulations were released, containing new Draft Sectoral Targets, and unpacking what businesses need to consider when setting goals. The public now has 90 days from release to comment on the draft.

The Employment Equity Act 55 of 1998 aims to promote equal opportunity and fair treatment in employment through the elimination of unfair discrimination and the implementation of affirmative action measures. The Act requires designated employers to submit annual reports on their progress in achieving employment equity goals.

Learnerships are an essential resource to future-proof your business. Broad-Based Black Economic Empowerment (B-BBEE) is only effective in meeting its goals if the transformative ethos of the legislation is embraced. If B-BBEE is approached with a begrudging compliance mindset, merely ticking boxes, it will fail.

An interview with Monde Ndlovu, Head Advocacy and Thought Leadership, Black Management Forum (BMF), and Dr Ivor Blumenthal, CEO, ArkKonsult, discussing how all stakeholders in society have a particular role to play in fusing the scientific, the craft and artistic perspectives of transformation in the South African economy.

12 Lenses into Diversity in South Africa calls for responsible inclusion from all – individually and organisationally, by ordinary citizens as well as those in positions of power. In harnessing the best of our African, Western heritage and Eastern heritage, we can create a brighter future for all who live and work in South Africa.

Following the rise of a second COVID-19 wave in many countries, vaccines are in high demand. While desperate to resume pre-pandemic operations, businesses in South Africa find themselves in a tricky position. Should they enforce vaccinating workers to ensure a safe work environment, as well as operational continuity? If so, they risk a legal battle with employees who have a constitutional right to refuse the vaccination in order to have their religious customs and beliefs respected.

South Africa is limp wristed from unclear definitions and objectives that are used at different moments to drive ambiguous agendas. South Africa lacks a clear definition for transformation, and thus every other organ of change abdicates their role in shaping the country in a progressive direction.

In an emerging economy like South Africa, human capital development is central to the survival and growth of the economy. The economic system that is conducted in South Africa is a market driven capitalistic one, whose focus is on maintaining a sound financial system that is globally competitive.