Corporate Social Investment can unleash “the generosity of strangers”

Former Public Protector, Professor Thuli Madonsela, assets that corporate social investment (CSI) has the potential to make a huge dent on South Africa’s inequality, poverty and unemployment, and the attendant indignities.

Madonsela who now occupies the position of Social Justice Chair at the Stellenbosch University Law Faculty said CSI has the power to unleash “the generosity of strangers”.

In doing so, CSI will help unlock the so-called democracy dividend, enabling South Africans to embrace and benefit not only democracy, but their freedom, and to have a stake in nurturing faith in democracy and humanity.

Madonsela was delivering the keynote address at the eleventh annual Trialogue Business in Society Conference in Johannesburg.

She recounted how her own parents – a former farmworker and a domestic worker – could only afford to pay for her schooling until Grade Seven. But she was able to secure scholarships and grants to be able to pursue the career of her choice.

“That meant I have the privilege of being at the forefront of the democracy dividend, a position of social, political and economic power, that brings with it an obligation to ensure social justice,” says Prof. Madonsela.

“Business is in a position of power and privilege and business has a voice, in the same way that when you become an Advocate, you have a voice. It also means that you have an obligation to leverage your influence for good,” she explains.

That extends to ethical business, says Madonsela, explaining that even the most vigorous CSI effort can’t compensate for a business underpaying its employees or suppliers, or overcharging its customers.

She cited the African proverb that “It takes a village to raise a child” and suggested that all South Africans, including business, have an important role in driving social justice.

The indignities imposed by poverty, inequality and unemployment can imperil democracy. As a counterpoint, effective CSI can drive justice, where the Millennium Development Goals become community goals, and where social justice has the power to help insulate a nascent democracy from the peril of corruption and exclusion, and inequality between and within communities.

“It may take hundreds of years to address the legacy of apartheid, but even if apartheid had never happened, it would still be our duty to make sure nobody is left behind. CSI might not be able to end inequality but it can reduce its extremity,” said  Madonsela.

2018-05-17T11:34:08+00:00 May 8th, 2018|Trialogue in the media|