Government is the Grinch Stealing SA’s Future
South African companies spent an estimated R11.8 billion on corporate social investment
(CSI) during the 2023 financial year – a mere 1% increase in real terms on the R10.9
billion spent in 2022. Now, ahead of the new financial year, businesses should not only be
planning how to increase their CSI budgets but also where to spend these for the greatest
impact, especially with more Government belt- tightening expected in the upcoming
Budget Speech.