FEBRUARY WEEK 3

B-BBEE

Clarity on B-BBEE annual reporting obligations for JSE-listed companies, but more is needed

Over the last few years, companies listed on both the primary and secondary market of the Johannesburg Stock Exchange (“JSE”), have been obliged to comply with increasingly onerous and often unclear reporting obligations in respect of the status of their transformation. On 3 February 2021, the B-BBEE Commission offered some clarity, however, there are still uncertainties that need to be addressed for many JSE-listed companies to overcome reporting challenges.

ENVIRONMENTAL

More details on water infrastructure agency

A Bill providing for the establishment of a national water resources infrastructure agency ‘will be ready for tabling during the second half of this year, after all the public consultations have been finalised’

LABOUR

Farmers warn minimum wage will force them to mechanise

In what could lead to huge job losses and food inflation, SA’s commercial farmers have threatened to close all labour intensive divisions and switch to mechanisation to produce food after employment & labour minister Thulas Nxesi’s decision to hike farm workers’ salaries 16%.

MEDICAL

Comment sought on emergency medical services regulations

Government is seeking comment within three months on proposals for regulating emergency medical services. These regulations are called the Regulations relating to the Standards for Emergency Medical Services, 2020, and will come into operation 12 months after the date of promulgation.