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news shutterstockBusiness Report writes that South African companies contributed R9 billion in corporate social investment (CSI) in 2016/2017, compared with that only R1.5bn that was achieved two decades ago.  

This information was revealed in the 20th annual publication of Business in Society Handbook, which was launched by CSI consultancy Trialogue on Wednesday.  Of the R9bn in contributions, education accounted for almost half the CSI spend, and this was followed by social and community development and health.  The critical mining, financial and retail sectors accounted for 62% of total CSI expenditure; and median CSI spend increased to R22 million from the R19m registered last year.  The majority of CSI spend was allocated to the economic hubs of Gauteng, Western Cape and KwaZulu-Natal.  The proportion of companies (45%) that reported non-cash giving this year was also significantly higher than last year (35%).  Companies mainly directed their CSI spending through non-profit organisations (NPOs), with the percentage of corporate giving to NPOs increasing to 89%,, from last year’s 82%.

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