In a challenging economic climate, South African companies are stepping up to make a difference, collectively contributing R12.7 billion to social initiatives in 2024.
According to the latest findings from corporate responsibility advisory firm Trialogue, Vodacom has emerged as the leader in corporate social impact for the eighth consecutive year.
The telecommunications giant was ranked first by corporate peers for its developmental impact, with Anglo American, Nedbank, FirstRand, MTN, Sasol, Shoprite, Woolworths, Standard Bank, and Old Mutual rounding out the top ten.
Trialogue’s 2024 Business in Society Handbook, released on Tuesday shows that corporate social investment (CSI) spending has grown at its fastest pace since the Covid-19 pandemic, increasing by 7.5% in nominal terms from R11.8 billion in 2023 to R12.7bn on in 2024.
The report said this real growth…