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South Africa to get new business-specific plans – with heavy focus on transformation: minister

South Africa to get new business-specific plans – with heavy focus on transformation: minister
businesstech.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstech.co.za Daily Mail and Mail on Sunday newspapers.

Why Telkom and other businesses are worried about South Africa s new BEE laws

Why Telkom and other businesses are worried about South Africa’s new BEE laws Subscribe Several organisations have raised concerns over the proposed Employment Equity Amendment Bill which will allow Labour minister Thulas Nxesi to set numerical BEE targets for different business sectors. A number of business groups made submissions on the Amendment Bill to parliament this week, with the groups suggesting that transformation targets be determined sectorally. Business Unity South Africa’s Kaizer Moyane told the committee that the bill has omitted the requirement for the minister to consult sectors before setting the targets, as agreed at National Economic Development and Labour Council (Nedlac).

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