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EXPLAINER | Showing the pay gap between bosses and workers and other mooted Companies Act changes

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Minister of Trade, Industry and Competition, Ebrahim Patel.
Minister of Trade, Industry and Competition, Ebrahim Patel.
GCIS

A draft Bill proposing changes to the Companies Act has been published for public comment.

Last week the Department of Trade, Industry and Competition gazetted the amendments, and the public has a period of 30 days, or until 31 October 2021, to comment.

The Act first came into effect in 2011. Five years after its implementation, a planned review of its impact was undertaken, Minister of Trade, Industry and Competition Ebrahim Patel said during a briefing last week.

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