Yet years later, the continent’s most industrialised economy still has “one of the highest and most persistent inequality rates in the world” which is “perpetuated by a legacy of exclusion”, according to the World Bank. Like the principles of Black Economic Empowerment, the original act was crafted in part to promote the economic empowerment of Black South Africans who were systematically marginalised during apartheid. The legislation is part of “new measures to promote diversity and equality in the workplace”, the government said. On April 12, South African President Cyril Ramaphosa signed into law the Employment Equity Amendment Bill of 2020, which sets out “equity targets” to accelerate racial equality in the business sector. Johannesburg, South Africa – A new law to help close the racial economic gap in South Africa – which remains one of the world’s most unequal societies – has sparked public debate and seen the country’s main opposition take to the streets in protest this week.
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