Dis-Chem Pharmacies has imposed a moratorium on the appointment of white staff in the company from 19 September, after a recent review of its employment equity profile proved that the JSE-listed pharmaceutical retailer’s efforts to effect transformation in terms of its employee profile remain inadequate.In a memo by the CEO of Dis-Chem, Ivan Saltzman, he explains that the company expressed concern over its employment equity profile.
“Remember, we are growing at a fast rate and a few appointments other than white don’t cut it. It’s the ratio between white and black that counts. The JSE-listed pharmaceutical retailer must comply with the Employment Equity Act which has been increased to a maximum of R2.7 million or 10% of annual turnover, whichever is greater, in fines for repeat offenders of noncompliance.that the memo still stood on Friday. They also said the company wanted to reiterate its commitment to achieving equality and diversity and would continue to make strides in the transformation area.
The letter also stated that managers who reached their employment equity targets would be rewarded as part of their bonus structure and attaining the target comprised of at least a third of their key performance areas.
It's the law and it needs to continue for a 1000 years before the effects of oppression will be erased. Hopefully we won't all die in a nuclear war before then...
Other companies are doing this... Follow the law