SHARED VALUE
Business must roll up its sleeves and invest in human capital
SA will progress only if all stakeholders come to the fore and contribute
There has never been a more pertinent time than now for corporate SA to engage with the shared value business strategy. On August 22, Statistician-General Pali Lehohla released the latest poverty report, which states that more than half of the population, 30.4-million people, live in poverty. One in three live on less than R797 a month. Moreover, the report shows that women and children are worst affected, with the age group zero to 17 the biggest victims of poverty. What these numbers show us is that solving SA’s societal ills requires business to be more proactive. The report further indicates the poverty rates are largely due to entrenched systemic issues of a slow economic growth trajectory, high unemployment rates and poor basic education for children from under-resourced households. We face issues that are multifaceted and require a multidimensional approach by a wide array of stakeholders to solve them. Shared value, as premised by Harvard Business School professor Michael Po...
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