Tag: community development

As President Cyril Ramaphosa doubles down on the promise to turn South Africa into a ‘construction site', one factor in the infrastructure development equation has become increasingly vital to government plans' success. That factor is meaningful community-centred infrastructure development and involvement.

Environmental, Social, and Governance (ESG) initiatives have grown exponentially in recent years, driven by a heightened awareness of sustainability and ethical considerations among stakeholders and investors. However, integrating ESG into financial analysis presents unique challenges, particularly when attempting to measure their impact and outcomes using traditional financial metrics.

With over 13 years of working in the Broad-Based Black Economic Empowerment (B-BBEE) space, we have witnessed an evolving landscape of transformation. From verifying compliance to fostering inclusivity, his path has taken him from corporate corridors to government initiatives.

While climate has dominated investor energy for environmental and social issues around the world until now, the ‘S for Social’ in ESG, which refers to a company’s impact on society, how it treats its staff, suppliers, customers as well as the communities in which it operates, is starting to garner more attention from investors. 

The South African corporate sector invests millions each year to support community development and social programmes. Many corporates, however, often lack the tools to measure and report on the impact of these initiatives. Often organisations report on the actions taken, input and investment rather than the outcomes.

There are key consequences of the Gauteng Division of the High Court's decision in Minerals Council of South Africa v The Minister of Mineral Resources and Energy and Thirteen Others (Case No. 20341/19) (Mining Charter III Judgment).

Broad-based Black Economic Empowerment (B-BBEE) is a prerequisite for doing business in South Africa, and training forms a significant portion of the B-BBEE scorecard. However, training is also critical to help address the skills shortage in the country that is only growing as we move into the 4th Industrial Revolution (4IR).

The Rugby World Cup hosted by Japan is almost coming to an end. The final will be played this Saturday at the International Stadium Yokohama. The Bokke have made it to the final and will be playing against our northern hemisphere rival, England.

Many people believe that quitting their job and becoming an entrepreneur is a romantic notion, but being your own boss isn’t just about freedom. Nor is it about the status that comes your way when you innovate the product or service that no one knew, until now, they simply could not live without. And it’s not even about the amazing income you’ll be getting when your start-up hits the big time.

Recent regulatory developments have helped to increase the pressure that communities are able to exert on mining companies. This highlights the need for companies to implement more effective negotiations with and solutions for their affected communities.