Archive | Affirmative Action

50 JSE Securities companies not compliant with EE Act

A total of 50 JSE Securities-listed companies, including the JSE itself, have been found to be non-compliant with the Employment Equity (EE) Act. The Department of Labour Inspection and Enforcement Services (IES) branch is conducting Director-General Reviews to designated employers, where 72 JSE-listed companies operating in different sectors were identified as subject of reviews. The […]

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Companies to appear in court over employment equity

The Department of Labour’s Inspection and Enforcement Services (IES) branch will be taking six companies to court for prosecution for failure to prepare employment equity plans. The companies failed, as per the provisions of s20 (1) of the Employment Equity Act (EEA), to prepare plans and reporting to the Director General on plans that do […]

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KZN’s Operation Vula to boost small business, transform economy

The KwaZulu-Natal Provincial Government has launched a ground-breaking policy programme geared towards improving the participation of small businesses and small-scale farmers in the economy. “Operation Vula” and its subsidiary, known as the Radical Agrarian Socio-Economic Transformation (RASET), were launched by President Jacob Zuma and the KZN provincial government in Ixopo on Tuesday. Operation Vula seeks to localise […]

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ABSIP concerned by Hadebe’s departure from ABSA

The Association of Black Securities and Investment Professionals (ABSIP) have noted with great concern the resignation of former Head of Client at ABSA’s Corporate and Investment Banking division, Mr Phakamani Hadebe. Following his resignation, ABSA announced changes in the leadership of the Corporate and Investment Banking division. The said changes are understood to have shocked […]

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Harsher punishment for non-compliant companies

The South African Employment Equity (EE) Annual Report for the 2015/2016 reporting year, released on 10 May 2017, showed that 68% of management positions are still held by white employees, while African employees occupy only 14.4% of managerial posts in South Africa. The South African Department of Labour said it collated the information using 26,255 […]

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Independent Media continues transformation drive

Veteran journalist Steve Motale, 52, has returned to Independent Media, to take over the editorship of The Sunday Independent. Motale is a former executive editor of the Pretoria News, which is part of the Independent Media stable. Motale left Independent just prior to Sekunjalo’s acquisition of Independent Media was consolidated, as he was headhunted by […]

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Employment Equity report rejected by the BMF

The Black Management Forum (the BMF) has voiced its disappointed at Corporate South Africa’s continued disregard for transformation. This stems from the Commission of Employment Equity report launch where the its Commissioner confirmed that the reason why transformation continues to be dismal is because CEO’s do not regard transformation as a business imperative. The BMF […]

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BMF congratulates Moyo on OMEM appointment

The Black Management Forum (the BMF) which is at the forefront of transformation in Corporate South Africa welcomes the appointment of Peter Moyo as Chief Executive Officer (CEO) of Old Mutual Emerging Markets. “Mncane Mthunzi, President of the BMF said they would like to applaud the progressive and exemplary move by Old Mutual in appointing […]

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Dr Tyobeka assumes role of NWU Council chairperson

At the meeting of the NWU Council on 16 March 2017, was elected as the new chairperson who will steer the Council for the next three years. This follows the expiry of the previous chairperson, Adv Johan Kruger’s term of office at the end of March 2017. He did not avail himself for re-election. Dr […]

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Banks and government behind South Africa’s failure to transform its economy

South Africa suffers from high levels of poverty, racism and inequality. This can be entirely attributed to centuries of conflict between white settlers and indigenous Africans. This is according to Senior Lecturer at the Wits University’s Graduate School of Business Administration, Dr Thanti Mthanti, in The Conversation. Dr Mthanti believes the current government’s attempts to […]

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