JSE listed companies don't take to allegations that may impact on their share price lightly. A number of the companies "named and shamed" on Monday have come back with evidence that they have in fact complied. This doesn't bode well for the Labour Department at all.
I do suspect that the DoL were marginally on the money though in terms of broader EE transformation. I am getting a distinct impression that there is some unhappiness within certain people that transformation is not happening quick enough, if it is in fact happening at all.
If it isn't happening then the DoL needs to find out why and let us know. Legislating will only take you so far, there has to be a real desire from within in order for this to work. Creating this desire is the biggest challenge. We are so conditioned to instant gratification and quick fixes that a long term view almost seems inconceivable.
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