Businesses in South Africa are being warned to urgently get their Broad-Based Black Economic Empowerment (BEE) and Employment Equity (EE) affairs in order.
They have also been reminded that failure to comply with new legal requirements could result in fines of up to R2.7 million, or 10% of their annual turnover.
This is the message from the law firm Wright Rose-Innes, which stressed that the clock is ticking, with a critical compliance deadline approaching at the end of August.
Sam Busa