Sakeliga v/s The State’s “targeted domestic sanctions”…

Loading player...
A strong legal challenge is being launched against the Government’s new racial hiring policies effectively prohibiting companies with 50 or more employees to appoint white males beyond a certain level. In this interview with BizNews, Sakeliga CEO Piet le Roux calls it “a form of expropriation” and “targeted economic sanctions…domestically aimed at white males”. He says these regulations by the Minister of Labour “basically…put white South African male citizens on the same level as you would a Nigerian or a Zimbabwean or someone from the furthest corners of the earth”. Le Roux says the legal challenge will be on the basis that these regulations are “unconstitutional, impossible to implement and harmful”. Furthermore, he warns that it is “definitely oil on the fire” of South African international trade relations. “Foreign companies face very big problems under these regulations”. He vows that Sakeliga and its partner, the National Employers Association of South Africa (Neasa), will use “the full extent of legal procedures available to us to interdict and to overturn this”.
22 Apr 2025 11AM English South Africa Investing · Business News

Other recent episodes

BN Edge | Lesaka is facing hard questions. Ali Mazanderani is answering them

Lesaka grew out of Net1, whose subsidiary's social grants contract ended up before the Constitutional Court. Now it wants to take deposits from the same grant recipients it lends to. In a follow-up to their strategy conversation, Alec Hogg put the harder questions to executive chairman Ali Mazanderani: who carries…
23 Oct 8AM 37 min

BN Edge | Donald MacKay unpacks the bureaucratic black hole in SA trade

A tariff investigation in South Africa is meant to take six months. Donald MacKay, whose XA Global Trade Advisors released its latest import duty report this week, told Alec Hogg the average had stretched to 40 months, and that the oldest open case was old enough to start school. He…
23 Oct 7AM 24 min

BizNews Ricardo Portfolio update: Afrimat, Clicks, Chubb, Teledyne

Alec Hogg went into this episode wanting to sell two shares. The rules he built for the Ricardo portfolios talked him out of at least one. In the first of a new run of Premium portfolio updates, he put four fresh sets of results through the same valuation test: Afrimat,…
22 Oct 8AM 41 min