Poverty levels show as companies boost support for food security initiatives

with 87% of companies directing an average of 53% of their spend to NPOs in 2021 . An average of 28% of NPO income came from SA companies this year.

Schools, universities, hospitals and other government institutions were supported by 71% of companies, with 24% of CSI spend directed to them.This year, priority responses to Covid-19 included ensuring the health and safety of staff , protecting customers and making philanthropic contributions to Covid-19-specific responses , in line with 2020’s findings.

Companies mostly changed CSI programming by adapting existing programmes to deal with the impact of Covid-19 or reducing programming in response to Covid-19 . A positive finding is that more than half of companies expect the greater collaboration experienced in the past year to persist and 45% of companies expect the enhanced consultation between funders and recipients to persist.

An alarming development is that the percentage of companies retrenching staff or not renewing contracts has doubled compared to 2020.estimate of total CSI expenditure is based on analysis of data from sources including the financial results of 201 companies, CSI information from 121 companies listed on the JSE and data from the SA Revenue Service.

The surveyed companies were large, with more than two-thirds having an annual income of more than R1bn in their latest financial year, and more than a third having an income greater than R10bn. Forty-two percent of the companies employed more than 5,000 people, with 17% having more than 20,000 employees.

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