Equity Equality Diversity
What is the truth in this?
ANC sinks to new low as race quotas ban ‘coloured population group’ from employment in certain provinces.
Issued by John Steenhuisen MP – Leader of the Democratic Alliance
15 May 2023 in News
“The social perversion created by these targets constitute a clear and urgent threat to the social fabric of South Africa. The implication is that companies operating in certain parts of the country are banned from employing even a single coloured or Indian person in a particular position. If companies defy these regulations, they will be severely punished by being disqualified from government contracts or doing business with the state.” – John Steenhuisen MP
(Read the press release)
The DA is appalled by the draft Employment Equity Amendment Act (EEA) regulations published for comment over the weekend.
At present: Article One 2023/05/18 – Dragonfly Accounting & Business Services
As of 12 April 2023, President Cyril Ramaphosa signed into law the Employment Equity Amendment Bill of 2020 (the “Amendment Bill”). This bill amends the Employment Equity Act 55 of 1998 (the “Act”), with aims to encourage a more diverse and equitable workforce.
Until its enactment, companies are obliged to comply with the existing Bill.
Please see the link below for the amendments and dates of implementation.
For more information or for the compiling of an EE Document for your company, contact us on
celia@dragonflyservices.co.za didi@dragonflyservices.co.za
Understanding the Employment Equity Act of South Africa:
South African companies maintain an Employment Equity (EE) Committee, responsible for evaluating the company’s current employee demographics on a quarterly basis. This committee comprises senior members of the company, stakeholders, union representatives, and other key parties. Their mandate includes modifying and implementing policies and procedures to eradicate all forms of employee discrimination. They set objectives and benchmarks in alignment with the Section 27 point 21 (1) regulations and include these in a report submitted to the Department of Labour.
Section 27 point 21(1) in the Government Gazette stipulates that employers must submit a detailed account of employee compensation and benefits across all occupational categories and levels to the Employment Conditions Commission, as established by section 59 of the Basic Conditions of Employment Act.
Objectives of the Employment Equity Act of South Africa:
The Act aims to ensure fairness and justice within the workplace through the following principles:
Equity: Implementing programs that understand the differences in individual starting points and take necessary measures to rectify inequalities.
Equality: Ensuring equal treatment, opportunities, and possibilities for progression for all employees.
Diversity: Creating a workforce that represents all socioeconomic groups, including variations in race, ethnicity, gender, age, religion, physical ability, demographics, lifestyles, experiences, qualifications, and interests.
Attracting and Retaining Employees:
A fair and unbiased recruitment and retention plan can enhance diversity. Here are a few guidelines to maintain equity, equality, and diversity in your company:
– Promote and cultivate a culture of diversity, equity, and inclusion.
– Conduct diversity and inclusion events.
– Eliminate unfair discrimination to ensure fair treatment.
– Implement affirmative action measures to redress previous disadvantages.
– Foster an inclusive environment and avoid bias.
– Provide equal access to training and upskilling opportunities.
– Ensure fair remuneration to boost productivity, inclusivity, and motivation.
– Support employees in their personal growth and contribution to the company.
– Develop objective decision-making processes.
– Recognise and respect all cultural holidays.
– Devise and encourage participation in Employee Resource Groups.
– Ensure a supportive and respectful environment for all employees, regardless of their roles, tasks, qualifications, or educational levels.
– Promptly address and resolve any insensitive comments or inappropriate sexual behaviour reported by employees.
Understanding Financial Equity Reports:
Equity in this context refers to the portion of company assets owned by shareholders. These shareholders, who hold a stake in the company, are entitled to certain rights, including the receipt of dividends.
A financial equity report is an informative document prepared by an equity research analyst. It provides valuable insights and recommendations to shareholders and potential investors about company valuations, risks, target values, and whether to buy, hold, or sell shares. The report considers the net value of the company’s assets after deducting liabilities, such as business loans, vehicle financing, property loans, and others.