"This is an opportune moment to push back" - Sakeliga on govt's race-based employment ideology

Loading player...
South Africa's business sector needs to stand together in denouncing the race-based employment ideology government is seeking to implement if pending legislation is signed into law in its current form. So believes Sakeliga CEO Piet le Roux, in conversation with BizNews correspondent Michael Appel. Dis-Chem-gate has shone a light on the impending Employment Equity Amendment Bill, recently passed by the National Assembly. Le Roux has written to Sakeliga members decrying what he calls the "state's harmful ideology" as a "road that leads to ruin". Sakeliga has made public its intention to legally challenge the legislation should the president sign it. Le Roux says, as state failure accelerates, the government has less and less ability to enforce it's own harmful policies, and believes the business sector shouldn't be too eager to apply them either. In fact, he says "we should resist". Learn more about your ad choices. Visit megaphone.fm/adchoices
31 Oct 2022 12PM English South Africa Investing · Business News

Other recent episodes

Boardroom Talk: RIP RW Johnson - leaving a huge hole in your nation's heart

In today's Boardroom Talk, Alec Hogg confirms the death of RW Johnson, one of South African political writing's sharpest and most combustible voices, and reflects on a decade of working with him: the audiobook that started it, the necrotising fasciitis he refused to let slow him down, the Steenhuisen column…
22 Jul 5AM 19 min

Unlocking High-Yield Private Debt: The Jaltech Income Opportunities Fund

Join the leadership team at Jaltech for an exclusive overview of the new Jaltech Income Opportunities Fund - a spin-off from their highly successful Section 12J investment strategy. Designed to target structured debt funding for established, mid-sized South African businesses, this fund addresses an unserved niche left open by traditional…
24 Jul 5AM 29 min

BN Daybreak: Zille on Joburg's last chance; AI stock warnings; Cape gangs; Civic tech

In today's BizNews Daybreak, Helen Zille warns Johannesburg faces its final chance to reverse municipal collapse. Heindrich Wyngaard explains why military presence alone cannot dismantle the Cape Flats' deep-rooted gang economy. Lance Dickson introduces "Ryze," a platform channeling public rage into organized civic action. Finally, Sean Peche cautions investors against…
23 Jul 11PM 15 min