72 JSE firms get scrutinised over equity compliance

File Image: IOL

File Image: IOL

Published Aug 10, 2017

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CAPE TOWN - South Africa has started a

review to inspect 72 Johannesburg Stock Exchange

Securities-listed firms to ensure compliance with employment

equity laws, the department of labour said on Thursday.

South Africa's employment equity legislation aims to remove

unfair discrimination and accelerate diversity in workplaces as

the government seeks to redress the race-based policies of

apartheid which ended in 1994 when the ruling African National

Congress came to power.

The department of labour said any company which breached

employment equity laws could face a fine of R1.5 million or be liable for criminal prosecution to enforce

compliance.

-REUTERS

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