SOUTH AFRICA CORPORATE SOCIAL RESPONSIBILITY
When it comes to deal with Corporate Social Responsibility (CSR) in South Africa it is such an important business’ topic with respect of the State, the economic, and the public; as well as environment.
The World Business Council For Sustainability Development define the Corporate Social Responsibility as:
“Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. ‘CSR is a corporate culture where businesses or companies decide voluntarily to ...view middle of the document...
In accordance with Bertelsmann Stiftung, a German Non-profit Foundation, “Companies’ social activities have increased dramatically in recent years. CSR is encouraged especially by the following factor:
• The new constitution of 1994 and the reform of the legislature have brought social and environmental topics to the top of companies’ agendas.
• The “Black Economic Empowerment Act” (BEE) of 2003, which specifies the advancement of historically-disadvantaged groups of the population, prescribes particular activities to companies for the more equal distribution of resources.
• A lack of qualified workers has caused a more intensive promotion of profession-specific training.
• South Africa’s massive HIV/Aids problem encourages companies' involvement in the health field.”2
As we know since we will be a new company trying to establish in South Africa, the society will expect that we fulfill with at least the specifications of the BEE. Therefore, the economic progress of historically disadvantaged population groups is an obligation for us as a big business company.
In regards to Social Responsibility, some of our focus areas will be health, professional education; as well as fight the poverty and the community development. Since we will find cheap labor and the land is also relatively cheap, it is our responsibility as a company to give back some to the country and the community surround us.
In South Africa there is not a specific law that regulates CSR, but in addition to the Black Economic Empowerment (BEE) there are a series of laws which are related to the responsibility of the companies doing business there.
Those laws that might concern to us, in accordance with the Bertelsmann Stiftung are:
National Black Economic Empowerment Act No. 53 (2003)
Establishes the national basic conditions for the advancement of BEE. The law specifies a series of semi-obligatory and voluntary measures that are implemented by the Ministry of Trade and Industry (DTI). The DTI sets standards, provides the guide values...