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South African corporate social investment grows to R11.8 billion in 2023

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Noluthando Mthonti-Mlambo speaks to Trialogue Director, Cathy Duff about the latest annual edition of the Trialogue Business in Society Handbook which has reported that South African companies have spent an estimated R11.8 billion on corporate social investment in the 2023 financial year. The handbook reflects a continued recovery in CSI expenditure, with more than half of surveyed companies (59%) reporting an increase in CSI spend, compared to 36% in 2021. About 60% of companies determined their CSI budget as a percentage of net profit after tax (NPAT), supporting the primary reason for increases and decreases in CSI as changes in corporate profits. 

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