South Africa’s President Cyril Ramaphosa’s recent signing of the Companies Amendment Act and the Companies Second Amendment Act marks a significant shift in the country. State-owned enterprises (SOEs) are now required to disclose remuneration reports, including policies and the pay gap between their highest and lowest-paid employees; this new mandate is aimed at bringing greater transparency and accountability to the financial operations of SOEs and listed companies.

Major SOEs such as Eskom, Transnet, South African Airways (SAA), and more are among those affected by these amendments. While the commencement date of these amendments has yet to be announced, the majority of the provisions are rooted in the Companies First Amendment Bill, which has undergone multiple revisions since its introduction in 2018. To further unpack we are joined on the line by Dimpho Vilankulu, Skills Development Employment Equity Specialist at Strata-g Labour Solutions

South Africa’s President Cyril Ramaphosa’s recent signing of the Companies Amendment Act and the Companies Second Amendment Act marks a significant shift in the country. State-owned enterprises (SOEs) are now required to disclose remuneration reports, including policies and the pay gap between their highest and lowest-paid employees; this new mandate is aimed at bringing greater transparency and accountability to the financial operations of SOEs and listed companies.
Major SOEs such as Eskom, Transnet, South African Airways (SAA), and more are among those affected by these amendments. While the commencement date of these amendments has yet to be announced, the majority of the provisions are rooted in the Companies First Amendment Bill, which has undergone multiple revisions since its introduction in 2018. To further unpack we are joined on the line by Dimpho Vilankulu, Skills Development Employment Equity Specialist at Strata-g Labour Solutions

Serious and topical issues on continent, breaking stories.

Serious and topical issues on continent, breaking stories.