Corporate social investment (CSI) initiatives are likely to have added R25 billion to South Africa’s economic output in 2015, a new report shows.
Research on the reach of CSI in South Africa – undertaken by the Bureau of Economic Research (BER), Nation Builder and Trialogue – shows that approximately R8.1 billion was spent on CSI in 2015, down 1% in nominal terms and 5.6% in real terms.
At 47%, education received the largest portion of corporate social expenditure, followed by social and community development initiatives and health projects, Trialogue data shows.
The R8.1 billion CSI spend is likely to have contributed R12.5 billion to South Africa’s gross domestic product (GDP). If invested effectively, this likely to have added R25 billion to South Africa’s economic output, the research shows.
It is also likely to have sustained 62 295 jobs – excluding those of people who work in the sector – and generated R7.7 billion in labour remuneration in 2015.
But this is of no concern to Bolshie Bob (and Sandile Zungu). What they've done is created a scorecard that is so ridiculous that the five extra points are unlikely to push a company to the next level (BEE level - not that awful cliche). And hence this spend is now under threat. Mooi so you useless Commie
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