Corporate social investment spend on the decline in SA
A contraction of profits is the primary reason behind a decline in corporate social investment (CSI) in South Africa.
That’s according to corporate responsibility consultancy Trialogue‚ which the total expenditure for the 2014/15 financial year of R8.1-billion “represents a year-on-year decline in expenditure of 6% in real terms‚ following a real decline of 2% in 2013/14”.
In a statement to announce the release of the 18th edition of the Trialogue CSI Handbook‚ the company said: “Companies typically commit a percentage of profits to CSI initiatives‚ but it appears that the growth the CSI sector experienced between 2001 and 2013 has entered a period of decline.”
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