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How corporates can boost their CSA: money and mentorship


by Leigh Andrews on 26 April 2010



It’s no secret that some companies merely embark on CSI drives to 'improve their BEE ratings' as enterprise development is one of the seven pillars of BEE, but it is heartening to note that there is also a number of strong CSI initiatives out there, where companies actually get involved and commit themselves to improve the lives of others.

With this in mind, many companies are in the dark as to how they can get involved.
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From a social upliftment and CSA (corporate social activity) viewpoint, corporate South Africa can get involved in assisting the lesser-funded organisations that need it, through their input with business incubation programmes such as the Shanduka Black Umbrellas, which allows corporate to get involved through Enterprise Development (ED) and loan guarantee funds, CAPEX (capital expenditure to create future benefits); a direct loan to the SMME of their choice; or procurement.

While these fiscal donations are great, as they help your company qualify for tax exemptions and rebates, it is mentorship that is a key component of CSA, and possibly the most important aspect, in my mind - giving of one’s time and expertise to uplift the community. By embarking on a knowledge-sharing drive, and giving examples from your personal experience in the industry, you are not merely ‘doing well by doing good’ for yourself, but by ‘doing good’ for others, too – and this is the true spirit of corporate social investment and responsibility.

What are your thoughts on giving your time and money to boost developing businesses as part of your company’s CSA? Leave your thoughts below.




Comments:

com  Vivienne Delaney said on 26 April 2010:
Our company assisted an entrepreneur to open a canteen on our premises. There are about 60 employees in the building, which is just big enough to keep him in business. The benefit is great for staff , but also the Training department especially, as previously lunches were ordered from a catering company at great expense ! Training courses are scheduled every month for 2 weeks of the month, and where we previously had to buy food externally, we can now order in house and have a much wider variety to choose from. In return, we are teaching the businessman how to manage and run a successful small business, our executives give time amd share their knowledge with him and the staff and trainees alike support this initiative.Everyone is happy with the end result. We assisted with some of his equipment as well, so there was no large capital outlay for him. So far so good!
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