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

SA's Competition Commission has become a handbrake on the economy: Rob Rose

Bryan Brownrigg was never a currency trader. He sold foreign exchange to Standard Bank's institutional clients for 23 years. But when the Competition Commission decided that 28 banks had run a single conspiracy to rig the rand, his name went into the complaint anyway, and it took a decade and…
11 Sep 7AM 20 min

He built a $1.5bn bank. Now Revolut, Discovery Bank and PEP are circling

In this interview with Irakli Rekhviashvili, Tyme Group co-founder Coenraad Jonker gives his take on what actually protects a digital bank once the competition catches up, and why he thinks the old rules of banking no longer apply. On competitive advantage, he says: "I'm saying to my guys increasingly, I…
11 Sep 7AM 50 min