Employment equity amendments a recipe for economic disaster
19 February 2020
Note to Editors: Please find an attached soundbite by Michael Cardo, DA Shadow Minister for Employment and Labour.
The Employment Equity (EE) Amendment Bill, which Cabinet has now sent to Parliament for processing, is another attempt by the ANC to strangle the life out of South Africa’s barely breathing economy in the name of “demographic representivity”. The Democratic Alliance (DA) will oppose it tooth and nail.
The draft bill serves to codify racial bean-counting. If enacted, the amendments will hamper economic growth and destroy jobs.
The proposed changes introduce harsher punitive measures for legislative non-compliance. They empower the Minister of Employment and Labour to set sector-specific EE targets, conferring on him a degree of coercive racial control that is completely incompatible with the principles of a market-based economy.