Vangate Mall
You are Here: Property -> Articles -> Dept to target non-compliant JSE-listed companies

Dept to target non-compliant JSE-listed companies

Return to the Featured Business Articles.

Dept to target non-compliant JSE-listed companies

by Edwin Tshivhidzo
15 May 2008
BuaNews Online
BuaNews Online

Government will embark on a drive to ensure Johannesburg Stock Exchange (JSE) listed companies fully comply with employment equity legislation in the next few weeks.

This, according to the Minister of Labour, Membathisi Mdladlana, who was addressing journalists in Cape Town ahead of his department's Budget Vote in Parliament on Thursday.

Companies listed on the JSE include Bidvest, Tiger Brands, Nedbank Limited, Absa Group, Woolworths, Anglo Platinum and Investec.

"We will be conducting follow-ups with these companies in July and August to determine if they have complied with all the recommendations," Mr Mdladlana said, adding that in the 2008/9 financial year, a further 60 companies would be reviewed.

The minister warned companies that failure to comply with the equity law would result in them being taken to the Labour Court.

The minister's comments came against the backdrop of the department having reviewed six large employers in 2006 in terms of the review process.

These firms were Kumba Resources, which is now called Exxaro, Comair, Omnia Group, Verimak, Medi-Clinic and Prism Holding.

Section 43 of the Employment Equity Act empowers the Director-General to assess compliance of an employer against the requirements of the legislation.

Turning to Skills Development, the minister said more than 75 000 learners had benefited from the departmental skills programmes in the 2006/7 financial year.

He said during the same period, a total of 54 900 learners were placed in different social development programmes.

The department has also engaged in critical youth employment creation programes through the Umsobomvu Youth Fund.

Last year, the department took Comair Limited to court for breaching provisions of the Employment Equity Act.

The department's Director-General Vanguard Mkosana filed the application with the Johannesburg Labour Court after several warnings against the airline company.

According to the application at that time, Comair has been found to be in breach of the following provisions of the Employment Equity Act under various sections.

At that time, Comair was ordered to pay a fine of R900 000 as prescribed by schedule 1 of the Employment Equity Act 55 of 1998 and to pay the costs of the application. - BuaNews

Return to the Featured Business Articles.

From our Directory

The Trauma Counselling Practise in Newfields Estate offers assistance in the forms of HIV counselling, and dealing with depression, stress, anger and grief. You can contact them on 021-6374356

City Ceiling Supplies in Lansdowne Junction stock a range of suspended and skim ceiling as well as dry wall partitioning materials. Perfect for setting up your home, office or retail outlet. Call them now on 0216910084.

Petersen and Company Chartered Accountants SA can help you with Accounting, Auditing, Bookkeeping, Business Advice, Taxation and Business registrations. Give them a call now on 0825343377

Contact Us | About | Copyright | Advertising | Disclaimer

Website Design by BMSC-Online