BMF creates legal fund to take on companies violating Employment Equity laws

Black Management Forum president Andile Nomlala (PICS: Supplied)
Black Management Forum president Andile Nomlala (PICS: Supplied)

The Black Management Forum has established a litigation fund with the aim of taking legal action against "gross violations derailing transformation in South Africa", the organisation said.

The fund is in line with a resolution to ramp up advocacy against non-compliant companies, which was taken at the BMF's 43rd national annual general meeting, said a statement issued on Monday.

"The BMF has historically played an important role through advocacy to advance the national objectives of socio-economic transformation. This is one of the four pillars of the raison d’être of the BMF," the statement said.

The forum is seeking to "reinforce its monitoring capacity" through the establishment of the fund, the statement added.

The fund will "serve as a tool to enforce transformation in an effort to achieve justice, fairness and equity", BMF said.

According to BMF, the fund will help the forum finance its efforts to hold public interest companies accountable for not achieving employment equity targets; to champion cost-effective "alternative dispute resolutions" in EE-related matters, in line with the Employment Equity Act and King IV governance guidelines; and to ensure that social and ethics committees prioritise employment equity and transformation as key performance indicators for public interest company boards.

In an interview with BMF president Andile Nomlala in 2018, Fin24 reported that Nomlala intended to focus on promoting both good governance and transformation. The BMF would lobby for enforcement of legislation, Nomlala said at the time.

According to data by the Department of Labour’s 9th Commission for Employment Equity (CEE) annual report (2007-2008), there were 18.8% black people in top management and in the 18th CEE report (2017-2018), the figure decreased to 14.3%. 

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
ZAR/USD
16.33
(+0.04)
ZAR/GBP
21.39
(+0.27)
ZAR/EUR
19.30
(+0.30)
ZAR/AUD
11.59
(+0.09)
ZAR/JPY
0.16
(+0.03)
Gold
1914.70
(-0.34)
Silver
24.84
(-0.39)
Platinum
884.00
(+0.06)
Brent Crude
42.06
(-3.35)
Palladium
2391.00
(+0.27)
All Share
55006.93
(-0.61)
Top 40
50519.95
(-0.76)
Financial 15
10312.58
(+1.72)
Industrial 25
74128.45
(-0.60)
Resource 10
53528.67
(-1.69)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
25% - 47 votes
No, I did not.
50% - 92 votes
My landlord refused
25% - 46 votes
Vote