From October 2019 to February 2020, Shared Value Africa Initiative and Strathmore University Business School embarked on a research study to establish private sector understanding and implementation of the Shared Value Business Management concept by businesses operating mainly in Southern and East Africa.
This study, held with a select group of businesses, resulted in insights that will contextualise the Shared Value discussion within a sub-Saharan Africa environment, and form the foundation that guides engagement around Creating Shared Value and growing this community.
While the COVID-19 pandemic has made it clear that business will never operate the same again, it makes the Shared Value discussion even more important as those who are able to align their profit with social impact will far outlive those who focus on the more conventional profit-only strategy.
In May 2020, Shared Value Africa Initiative embarked on a desktop research study to establish what relief work its members have implemented during the Coronavirus pandemic, and how this relief is linked to the purpose statements of the companies.
This research was done during May 2020, using desktop research, and it may not include all relief work being done by members. Research is focused on what companies are doing in their home country.
Mining is an important economic industry in over 100 countries around the world, with South Africa ranking among the top 50 “mining countries” in the world (International Council on Minerals and Metals, 2014; Sarupria, Mining has helped to shape South Africa to a greater extent than any other industry and accounts for a significant proportion of the country’s gross domestic product (GDP), foreign exchange earnings and employment.
Despite mining being recognised as a sunset industry plagued by rising costs, technical difficulties, political hostility and its legacy of diseases and negative environmental impact, South African mining is foundational to the development of all other industries and socio-economic priorities of government and communities.