New transformation laws are coming into effect in South Africa in 2023.
The Department of Employment and Labour has warned businesses that the deadline for employment equity reporting is looming, as it prepares for new transformation laws to come into effect in the country this year.
Employers are expected to submit their EE report in terms of the Employment Equity Act and must contain the prescribed information and be signed by the Chief Executive Officer of the designated employer, it said. The Employment Equity Amendment Bill, 2020 was passed by Parliament on 17 May 2022 and is awaiting assent and signing into law by President Cyril Ramaphosa.The main objectives of the amendments are to empower the Employment and Labour Minister to regulatein terms of Section 53 of the EE Act.
Under the current act, a “designated employer” is an employer that employs 50 or more employees or an employer that employs fewer than 50 employees but has an annual turnover that is equal to or above the threshold determined by the EE Act, depending on the relevant sector.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
5 new laws for South Africa to keep an eye on in 2023With the new year in swing, Parliament has some work ahead of itself, creating and curating regulations to change the way business and day to day life takes place in South Africa.
Read more »
Starting salaries for banking and finance jobs in South Africa in 2023 – including graduatesStarting salaries for banking and finance jobs in South Africa in 2023 - including graduates
Read more »
Electric cars and hybrids coming to South Africa in 2023Electric and hybrid car sales surged in South Africa in 2022. These are the new models confirmed to arrive locally in 2023.
Read more »
Political and economic volatility will continue in Africa in 2023Political and economic volatility will continue in Africa in 2023 - Although direct trade and financial links between Africa, Russia and Ukraine may be small, the main effect of the war will be civil strife in Africa driven by food and energy inflation
Read more »