Poverty levels show as companies boost support for food security initiatives

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 72 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 63%

Sverige Nyheter Nyheter

The direct impact of Covid-19 on SA companies' corporate social investment is shown by the increased support for food security and community development initiatives, says CSI consultancy Trialogue.

Gauteng was the most supported province in 2021 . This was followed by KwaZulu-Natal and the Western Cape .with 87% of companies directing an average of 53% of their spend to NPOs in 2021 . An average of 28% of NPO income came from SA companies this year.

Schools, universities, hospitals and other government institutions were supported by 71% of companies, with 24% of CSI spend directed to them.This year, priority responses to Covid-19 included ensuring the health and safety of staff , protecting customers and making philanthropic contributions to Covid-19-specific responses , in line with 2020’s findings.

Companies mostly changed CSI programming by adapting existing programmes to deal with the impact of Covid-19 or reducing programming in response to Covid-19 . A positive finding is that more than half of companies expect the greater collaboration experienced in the past year to persist and 45% of companies expect the enhanced consultation between funders and recipients to persist.

An alarming development is that the percentage of companies retrenching staff or not renewing contracts has doubled compared to 2020.estimate of total CSI expenditure is based on analysis of data from sources including the financial results of 201 companies, CSI information from 121 companies listed on the JSE and data from the SA Revenue Service.

The surveyed companies were large, with more than two-thirds having an annual income of more than R1bn in their latest financial year, and more than a third having an income greater than R10bn. Forty-two percent of the companies employed more than 5,000 people, with 17% having more than 20,000 employees.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 13. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Poverty levels show as companies boost support for food security initiativesThe direct impact of Covid-19 on SA companies' corporate social investment is shown by the increased support for food security and community development initiatives, says CSI consultancy Trialogue.
Källa: TimesLIVE - 🏆 28. / 59 Läs mer »

EDITOR’S NOTE: When quality companies showed their mettleThe year was really about the better-quality companies showing their mettle and returning their businesses to pre-Covid levels
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

Global markets improve as price of oil boosts fuel companiesInvestors are expecting a host of data in the US ahead of Thursday's Thanksgiving holiday
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

Former Phoenix security company boss under fire for call to set up barricadesFormer security company boss Glen Naidoo told the SAHRC that when he called for the Phoenix community to barricade roads to keep looters out in July, he 'expected everybody to do so legally'. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Arnoldnike93 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️ I smell a gangster He is an instigator
Källa: TimesLIVE - 🏆 28. / 59 Läs mer »