New Employment Equity measures will trigger skills, capital flight – IRR
14 April 2021
South Africa risks triggering a flight of scarce skills and capital if it presses ahead with amendments to the Employment Equity Act that would give the labour minister the authority to set employment equity targets for employers across the economy.
This is the warning Institute of Race Relations (IRR) head of policy research, Dr Anthea Jeffery, delivered to parliamentarians yesterday.
Said Jeffery: “The bill will stall economic recovery; prompt a further flight of scarce skills and capital; leave more people unemployed; add to poverty; and increase inequality between the small black elite that may benefit and the great majority of black people, who will be further harmed.”
Jeffery’s warning came as Parliament began public hearings on the controversial Employment Equity Amendment Bill.