Is it justified to require South African businesses to contribute to developing build capacity of societies through social development?
Eusebius McKaiser (standing in for Redi Tlhabi) probed the matter with co-fouder of Rethink Africa, Ayabonga Cawe, and Chief Executive of National Employers’ Association of SA, Gerhard Papenfus.
Listen to the conversation below:
There are examples where business have seen it a commercial imperative to ensure that they facilitate the delivery of social services.— Ayabonga Cawe, Rethink Africa co-founder
There's also this selfish understanding that says we should maximise shareholder value at all costs.— Ayabonga Cawe, Rethink Africa co-founder
In a country like South Africa, your role as business cannot only be consigned to taxation. There's a need to invest in social and labour plans.— Ayabonga Cawe, Rethink Africa co-founder
Any business should find ways to benefit those around them. That is a long term approach that will make the business sustainable.— Gerhard Papenfus, National Employers' Association of SA
There are businesses who simply cannot do it and it's necessary to understand that there are businesses that are literally just surviving. I'm talking about SMMEs here.— Gerhard Papenfus, National Employers' Association of SA
Is business wrong through the ages and the past? Certainly, but there needs to be a change in attitude.— Gerhard Papenfus, National Employers' Association of SA