Publication
Europe steps up its fight against fraud
European watchdogs have long been focusing on enforcement against corporate crime with a great focus on anti-corruption, economic sanctions and money laundering.
Publication | September 15, 2015
More than 75 designated employers in KwaZulu-Natal are facing fines of at least 1.5 million rand or 2% of their turnover for non-compliance with the Employment Equity Act No. 55 of 1998.
This harsh reality is being felt by non-compliant designated employers in KwaZulu-Natal. In terms of the Act, a designated employer is “a person who employs 50 or more employees” or a person who employs fewer than 50 employees but has a total annual turnover between 6 million and up to 75 million, depending on the employer’s industrial sector.
The Department of Labour is adopting a rigid stance in wielding the enforcement provisions against designated employers who do not comply. Labour inspectors are conducting inspections at various companies, in some instances arriving unannounced, to assess compliance.
Most of the fines being imposed relate to employers who do not have employment equity plans in place. The minimum fine is 1.5 million rand and the Department of Labour is not negotiable on this amount. Other consequences for non-compliance include a review by the director-general of a designated employer’s employment equity affairs and the issuing of written undertakings and compliance orders.
Publication
European watchdogs have long been focusing on enforcement against corporate crime with a great focus on anti-corruption, economic sanctions and money laundering.
Publication
The Digital Markets, Competition and Consumers Act (DMCC Act) received Royal Assent on 24 May 2024 and is generally expected to come into force in autumn this year.
Publication
What appears to be a simple question is not as straightforward as one would think. One might take the view that it is just a matter of common sense whether something is a ship or not, yet it is difficult to define exhaustively what exactly a ship is, or the extent to which something forms part of a “ship”.
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