Publication
“AI and sustainability - cure or curse?”
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
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
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
Publication
In this edition of Regulation Around the World we review recent steps that financial services regulatory authorities have taken as regards investment research.
Publication
n a long-running dispute, taking in no less than three arbitrations spanning 26 years cumulatively (involving allegations of state interference in the arbitral process), the Court has provided useful guidance on the ss.67 and 68 challenges, particularly in the context of investor-state claims.
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