EXPLAINER | What do the changes to the Employment Equity Act mean? | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 80%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The long-awaited amendments to the Employment Equity Act of 1998 have been signed into law by President Cyril Ramaphosa, sparking opposition in some quarters, and bringing two major changes to how businesses must report. | News24_Business

The bill was passed by both houses of Parliament in May last year, having been initially tabled in July 2020. As a result, companies will now need to comply with sector-wide targets when they set numerical targets for employment equity.

There has also been a major change to who is classified as a designated employer.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

_Business Should minority group parents of children & young adults take note of these racist laws, & prepare your children to look for careers internationally because they are prevented from a fair chance as citizens in South Africa? Let the ANC find money on the printing press for SASSA?

_Business The ANC will hammer this country into the hardest rock imaginable. What a seriously sick group of people governing this poor country.

_Business It means zero. Black power as usual putting the cart before the horse. This stifles employment & economic growth. Business even more weary of growth. You can't enforce quota's without jobs. Stupid nation these things!

_Business

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business and labour welcome Employment Equity Amendment ActBut Solidarity moves to oppose the change, which it sees as disastrous 🤣😂🤣😂 which businesses. Please give some names 😂🤣 Must be the same 'Business' that implemented vaccine mandates. Go figure. 🤮🤮🤮
Source: BDliveSA - 🏆 12. / 63 Read more »

Ramaphosa's signing of employment equity act into law splits business, politicsThe bill empowers the employment and labour minister to, amongst other things, identify and set employment equity targets for each economic sector. And the BCIS is working with the construction bosses to get rid of workers who stand up all worker that had been mistreated at work, even so BCIS are being bride construction bosses to make away with those that stand up for workers rights, this must be investigated
Source: ewnupdates - 🏆 30. / 53 Read more »