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Top News In தொழில் அமைச்சர் இப்ராஹிம் Today - Breaking & Trending Today

SA to address excessive pay 'injustice', attempts to narrow earnings gap

By Rene Vollgraaff
(Bloomberg) – South Africa is finalising legislative changes that aim at narrowing the earnings gap between company executives and the lowest-paid workers, according to Trade and Industry Minister Ebrahim Patel.
“A further amendment to company law is required to tackle the gross injustice of excessive pay,” Patel told lawmakers in his department’s budget vote speech on Tuesday. “A new bill that will be finalised within 60 days will require disclosure of wage differentials in companies, stronger governance on excessive director pay and enhanced transparency on ownership and financial records.”
South Africa is one of the world’s most unequal nations, a legacy of the system of racial discrimination that disadvantaged the Black majority and ended in 1994. Chief executives and top lawyers can make in excess of R20m ($1.4m) a year, while the official minimum wage is just over R20 an hour. ....

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Trade and Industry Minister says govt pushing broad-based economic empowerment

On Friday, Trade and Industry Minister Ebrahim Patel held a briefing with CEO’s and unions on employee ownership structures. ....

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SA making progress in bringing workers into ownership in private sector: Patel

SA making progress in bringing workers into ownership in private sector: Patel
Trade and Industry Minister Ebrahim Patel held a briefing with CEOs and unions on employee ownership structures ahead of international Workers Day on Saturday.
FILE: Trade and Industry Minister Ebrahim Patel. Picture: GCIS
one day ago
JOHANNESBURG - Trade and Industry Minister Ebrahim Patel said the country was making progress in bringing workers into ownership and representative structures in the private sector.
Patel held a briefing with CEOs and unions on employee ownership structures ahead of international Workers Day on Saturday.
The government policy has seen over 150,000 workers become part owners of the companies they work for through shareholding. ....

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'We had a role model' – Govt officials celebrate Mthembu's life at memorial

‘We had a role model’ – Govt officials celebrate Mthembu’s life at memorial
Various ministries gathered for a virtual memorial service for Mthembu - who died from COVID-19 related complications on Thursday.
FILE: A media briefing led by COGTA Minister Nkosazana Dlamini-Zuma, who is joined by Justice Minister Ronald Lamola, Minister in the Presidency Jackson Mthembu, Police Minister Bheki Cele and Trade and Industry Minister Ebrahim Patel. Picture: Bonga Dlulane/Eyewitness News.
75 days ago
JOHANNESBURG - South Africa’s ministers and officials at government departments are on Monday celebrating the life of late Minister Jackson Mthembu – urging the country to keep his legacy alive. ....

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