HomeBusiness Studies Grade 12 Summary NotesCorporate Social Investment (CSI)...

Corporate Social Investment (CSI) Business Studies Grade 12 Study Notes

Corporate Social Investment (CSI) : Notes, Common Exam Questions and Answers Guide, Online Quizzes and Activities for Business Studies Grade 12 Revision Studies, from Corporate Social Responsibility section. Every South African grade 12 learner who wants to pass Business Studies subject with a distinction, needs to go through the valuable study resources on this page.

Corporate Social Investment (CSI) Business Studies Grade 12

Corporate Social Investment (CSI)

Meaning of CSI

  • Definition: Investment of corporate funds or other assets to achieve social outcomes
  • Focus: Providing solutions to social problems in communities related to workers or business operations
  • Scope: Projects not part of normal business activities, designed to benefit the community
  • Profit orientation: Not directly aimed at increasing company profits
  • Approach: Strong developmental focus, utilizing company resources to uplift communities

Purpose of CSI

  • Contribute to sustainable development in communities
  • Legal enforcement: Required by law and government
  • Positive role in community development
  • Demonstrate business’s attitude towards its community
  • Long-term investment
  • Relevance: Particularly important in contexts like South Africa with socio-economic upliftment as a priority

CSI Focus Areas

  • Environment
  • Community
  • Rural development
  • Employees

Examples of CSI Projects

  1. Donations to support local organizations
  2. Involvement in conservation projects
  3. Delivering services or building infrastructure when government is unable
  4. Investing in job creation projects
  5. Providing adult basic education
  6. Teaching entrepreneurial skills
  7. Sponsoring arts and culture programs
  8. Establishing early childhood development programs

Differences between Corporate Social Responsibility (CSR) and Corporate Social Investment (CSI)

Corporate Social ResponsibilityCorporate Social Investment
Aims to change business practicesActively commits money and resources to uplift the community
Focuses on increasing image and profitsFocuses on community upliftment without return on investment
Ensures internal policies/practices include stakeholders’ interests/environmental issuesEnsures projects are relevant to community needs
Often intended as a marketing initiativeIntended to benefit and uplift communities through social development
Projects usually linked to the business (e.g. training the unemployed)Projects are external to the business with a strong developmental approach

Examples of Corporate Social Investment (CSI)

Example 1: Sasol

Sasol, a leading South African energy and chemical company, is known for its various CSI initiatives. One of their flagship programs is the Sasol Foundation, which focuses on education, skills development, and community well-being. Some of their key CSI projects include:

  1. Sasol Inzalo Foundation: Provides bursaries and scholarships for students pursuing careers in science, technology, engineering, and mathematics (STEM) fields.
  2. AMIP (Artisan and Mining Skills Improvement Programme): Aims to increase employability by training local community members in technical and artisan skills.
  3. Support for Early Childhood Development (ECD) centers: Sasol helps improve ECD infrastructure, teacher training, and learning materials in disadvantaged communities.

Example 2: Shoprite

Shoprite, the largest supermarket retailer in South Africa, has several CSI initiatives that focus on hunger relief, education, and community development. Some of their key projects include:

  1. Mobile Soup Kitchens: Shoprite provides meals to underprivileged communities through its fleet of mobile soup kitchens.
  2. Shoprite Community Network: This initiative supports local organizations in various sectors, such as education, health, and skills development.
  3. Shoprite Bursary Programme: Offers financial support to students pursuing tertiary education in fields like accounting, pharmacy, logistics, and information technology.

Example 3: Anglo American

Anglo American, a global mining company with significant operations in South Africa, has a strong focus on community development and environmental sustainability. Some of their CSI projects in South Africa include:

  1. Zimele Programme: Supports small and medium-sized enterprises (SMEs) by providing funding, mentorship, and business development services.
  2. Thermal Coal’s eMalahleni Water Reclamation Project: Aims to address the issue of water scarcity by treating mine-impacted water and providing clean water to the community.
  3. Anglo American Chairman’s Fund: Invests in various sectors, such as education, health, and welfare, with a focus on vulnerable populations and community development.

Example 4: FirstRand Foundation

FirstRand Foundation is a leading CSI initiative by the FirstRand Group, one of South Africa’s largest banking groups. Their focus is on education, capacity building, and social entrepreneurship. Some of their key projects include:

  1. FirstRand Volunteers Programme: Encourages employees to volunteer their time and skills for community projects.
  2. FirstRand Empowerment Foundation: Supports social entrepreneurs and innovative projects that address societal challenges.
  3. FirstRand FNB Fund: Provides scholarships and bursaries for tertiary education in various fields, such as engineering, commerce, and science.

Related blog posts

Selection Business Studies Grade 12 Study Notes

Selection Business Studies Grade 12 Study Notes. The selection process is a critical step in the recruitment process that involves evaluating and assessing candidates to determine their suitability for the job. Selection Procedure: Step by...

Quality of Performance Business Studies Grade 12 Study Notes

Quality of Performance Business Studies Grade 12 Study Notes. A quality management system (QMS) is a structured approach to ensuring that a company’s products or services meet or exceed customer expectations Topics under Quality of...

Leadership and Management Business Studies Grade 12 Study Notes

Leadership and Management Business Studies Grade 12 Study Notes. Learners will be able to learn, as well as practicing answering common exam questions through interactive content, including questions and answersTopics under Leadership and ManagementTheories of...

The role of Youth Economic Alliance

The role of Youth Economic Alliance Where lack of skills, poor access to finance and markets hinder business growth, the Youth Economic Alliance addresses this by creating a conducive environment where it develops the ability to...

Grade 12 Economics Foreign Exchange Markets Self Study Guide Free Download

The foreign exchange market (also known as forex, FX, or the currencies market) is an over-the-counter (OTC) global marketplace that determines the exchange rate...

2024 Grade 12 May/June NSC Examination Timetable

Grade 12 May/June NSC Examination Timetable. As the 2024 academic year moves forward, matric students in South Africa are gearing up for the mid-year...

Accounting Grade 12 Textbooks Free Download

Accounting Grade 12 Textbooks Free Download. This stage of memory is limited in the amount of information it can retain. Information you receive in...

An Analysis of South African Businesses Types and Their Market Share

South African Businesses Types and Their Market Share. The South African economy, known for its diverse economic structure, hosts a plethora of businesses from...

Accounting Grade 12 Term 1 Revision Content And Revision Topics

Accounting Grade 12 Term 1 Revision Content And Revision Topics. This is for Accounting Grade 12 subject. The Grade 12 Accounting Term 1 study content will help you with your Accounting Subject Revisions,...

Accounting Grade 12 Internal auditor report on procedures and internal controls in a public company Guide

An internal audit report is usually used by internal management to improve the operations, processes, or policies of the company. An external audit report is...

How are Market Prices Affected by Unemployment in the Economy of South Africa

How are Market Prices Affected by Unemployment in the Economy of South Africa. On this page we discuss how market prices are affected by...

Reasons Why the Circular Flow is not an Accurate Reflection of Economic Reality

The circular flow is a theoretical model that illustrates how money, goods, and services flow through an economy. The model depicts households, firms, and...

Selection Business Studies Grade 12 Study Notes

Selection Business Studies Grade 12 Study Notes. The selection process is a critical step in the recruitment process that involves evaluating and assessing candidates...

Quality of Performance Business Studies Grade 12 Study Notes

Quality of Performance Business Studies Grade 12 Study Notes. A quality management system (QMS) is a structured approach to ensuring that a company’s products...

Leadership and Management Business Studies Grade 12 Study Notes

Leadership and Management Business Studies Grade 12 Study Notes. Learners will be able to learn, as well as practicing answering common exam questions through interactive content,...

The role of Youth Economic Alliance

The role of Youth Economic Alliance Where lack of skills, poor access to finance and markets hinder business growth, the Youth Economic Alliance addresses this by...