New Employment Equity Act comes down to industrial sabotage
6 June 2022
The Employment Equity Amendment Bill, which gives the Minister of Trade, Industry and Competition, Ebrahim Patel, extensive powers to decide for himself where, in his opinion, economic transformation ought to take place, comes down to industrial sabotage.
This will impose further restrictive requirements on particularly large enterprises in addition to the existing pressure on economic growth.
The FF Plus is calling on President Cyril Ramaphosa to not promulgate the Bill, because it will have a negative impact on investor confidence and economic recovery, which will surely not facilitate Black Economic Empowerment (BEE) and transformation.
If the President promulgates the law, it will pose a serious threat to the free-market system and a market-driven economy.