There was no growth in expenditure made by private sector and state-owned enterprises on corporate social investment (CSI)‚ a report showed on Tuesday. Companies and state-owned enterprises in SA spent R8.6bn in total‚ on social development in the country in 2015-16, representing a 6% increase in nominal growth from the previous year. This growth is in line with inflation over the review period‚ reflecting zero growth in real terms. This is according to Trialogue’s annual research into expenditure on‚ and approaches to‚ CSI in SA. Trialogue is a corporate social investment and sustainability consultancy. The research company found that in the past two years‚ CSI expenditure had not grown in real terms. CSI declined 2% in 2014 and 6% in 2015. The top 100 companies invested R5.8bn in CSI, comprising 68% of total CSI expenditure for the year. Fifteen companies tracked by Trialogue spent more than R100m each in 2015-16. The mining‚ retail and financial services sectors together accounte...
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