There was no growth in expenditure made by private sector
and state-owned enterprises on corporate social investment (CSI)‚ a
report showed on Tuesday.
Companies and state-owned enterprises in SA spent R8.6bn in total‚ on social development in the country in 2015-16, representing a 6% increase in nominal growth from the previous year.
This growth is in line with inflation over the review period‚ reflecting zero growth in real terms. This is according to Trialogue’s annual research into expenditure on‚ and approaches to‚ CSI in SA. Trialogue is a corporate social investment and sustainability consultancy.
The research company found that in the past two years‚ CSI expenditure had not grown in real terms. CSI declined 2% in 2014 and 6% in 2015.
The top 100 companies invested R5.8bn in CSI, comprising 68% of total CSI expenditure for the year. Fifteen companies tracked by Trialogue spent more than R100m each in 2015-16.
The mining‚ retail and financial services sectors together accounted for three-quarters of total CSI expenditure‚ with mining alone accounting for more than 30% of total CSI expenditure.
Education received 48% of CSI spend and was the most popular cause‚ supported by more than 90% of companies, up from 32% in 2010.
Social and community development and health were the second-and third-most commonly supported sectors‚ although support and expenditure for both declined marginally from 2015.
Gauteng-based projects received the greatest share of CSI expenditure out of the provinces‚ although the amount declined for a second year in a row to 19% in 2016‚ from a peak of 27% in 2014.
Support for projects in Limpopo increased marginally‚ while decreases in corporate support were noted for all other provinces.
TMG Digital/
Companies and state-owned enterprises in SA spent R8.6bn in total‚ on social development in the country in 2015-16, representing a 6% increase in nominal growth from the previous year.
This growth is in line with inflation over the review period‚ reflecting zero growth in real terms. This is according to Trialogue’s annual research into expenditure on‚ and approaches to‚ CSI in SA. Trialogue is a corporate social investment and sustainability consultancy.
The research company found that in the past two years‚ CSI expenditure had not grown in real terms. CSI declined 2% in 2014 and 6% in 2015.
The top 100 companies invested R5.8bn in CSI, comprising 68% of total CSI expenditure for the year. Fifteen companies tracked by Trialogue spent more than R100m each in 2015-16.
The mining‚ retail and financial services sectors together accounted for three-quarters of total CSI expenditure‚ with mining alone accounting for more than 30% of total CSI expenditure.
Education received 48% of CSI spend and was the most popular cause‚ supported by more than 90% of companies, up from 32% in 2010.
Social and community development and health were the second-and third-most commonly supported sectors‚ although support and expenditure for both declined marginally from 2015.
Gauteng-based projects received the greatest share of CSI expenditure out of the provinces‚ although the amount declined for a second year in a row to 19% in 2016‚ from a peak of 27% in 2014.
Support for projects in Limpopo increased marginally‚ while decreases in corporate support were noted for all other provinces.
TMG Digital/
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