OBJECTIVE 2: ENSURE THAT CORPORATIONS ACT AS GOOD CORPORATE CITIZENS WITH REGARD TO HUMAN
RIGHTS, SOCIAL RESPONSIBILITY AND ENVIRONMENTAL SUSTAINABILITY
Expected
output
Increased
integration of
the national
development
imperatives into
the planning
and conduct of
companies in the
private sector
Required
Action as
specified in
PoA
Time frame
Progress
Remarks
South Africa places high regard on corporate
social investment (CSI)/ social responsibility
investment (SRI). The CSI/SRI is an initiative of
the Government Employees Pension Fund as
a measure to support responsible investment.
It is the country’s benchmark for corporate
citizenship and has as its constituents JSE listed
companies with high standards of environmental,
economic and social performance as well as good
governance
Increase
levels of social
investment
OBJECTIVE 3: PROMOTE ADOPTION OF CODES OF GOOD BUSINESS ETHICS IN ACHIEVING THE OBJECTIVES
OF THE CORPORATION
Expected
output
Required
Action as
specified in
PoA
Time frame
Progress
Increase in
the number
of women-led
enterprises
Support womenled enterprises
Ongoing
Cabinet approved 10 products for government
preferential procurement.
Improved
capacity of
institutions
to participate
in corporate
governance
initiatives
Open a multistakeholder
national
consultative
forum for
discussions
on the
implementation
of the King II
Ongoing
King III Report on corporate governance was
released in September 2009. King III is intended
to promote ethics as the foundation of corporate
governance and requires effective and responsible
leadership. King III also requires a reflection on the
impact of business in society and a realization that
business should be done ethically
Enhanced
professional
ethics in all
sectors
National ethics
campaign in
government,
civil society and
business
Ongoing
As part of its anti-corruption initiatives South Africa
developed a Public Sector Integrity Framework
aimed at strengthening measures and standards
for managing integrity and promoting ethical
conduct in the public sector
Remarks
79