Business needs to help drive inclusion, says Sipho Pityana

Business needs to play its part in driving inclusion, Business Unity SA president Sipho Pityana said.

“While government was pushing this agenda [for inclusion], we were pushing the agenda for growth. GDP growth on its own does not reduce inequalities. It plays a part but it’s far from adequate,” he said at the investment for inclusion forum at the Gordon Institute of Business Science on Wednesday. “The investor community has not used its muscle enough to drive the agenda.

Speaking at the same event, JSE CEO Nicky Newton-King said the exchanges are “gently” coming on the journey, led by emerging-market exchanges. “We have to tackle the actual model of capitalism if we’re serious about tackling inequality. There’s a long way to go between changing behaviour and for the economic disadvantaged to feel it,” she said.

Netwon-King said there needs to be more disclosure about environmental, social and corporate governance ventures for investors to better understand the risks to a company. There also needs to be a greater focus on transparent disclosure and a long-term view on business that looks at environmental, social and corporate governance as a new asset class in addition to total return indices.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Black Business Council helped state capture, says Sipho PityanaBusa president accuses BBC president Sandile Zungu of complicity in corruption because of the organisation's closeness to Jacob Zuma
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

Black Business Council helped state capture, says Sipho PityanaBusa president accuses BBC president Sandile Zungu of complicity in corruption because of the organisation's closeness to Jacob Zuma
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »

Pityana takes aim at Black Business CouncilAll eyes were on BBC president Sandile Zungu after the scathing attack on him and the council.
Herkunft: eNCA - 🏆 49. / 51 Weiterlesen »

Finance, real estate, business services helped economy grow 0.8% in 2018The SA economy grew by 1.4% in the fourth quarter of 2018, contributing to an overall growth rate of 0.8% for the entire year.
Herkunft: TimesLIVE - 🏆 28. / 59 Weiterlesen »