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Although usually behind the global curve, South Africa seems to be keeping pace with the current Bitcoin trend. This is positive, as we are living in an increasingly digital world with it only being a matter of time before currency too, became digital.
Businesses that have purposefully moved from a shareholder-only focus to a corporate philosophy known as conscious capitalism have performed 10 times better than those that have not made the transition, according to Harvard Business Review. Such companies and brands are particularly sought out by socially conscious millennials - with a significant 40% more likely to base purchasing decisions on their ability to help certain causes. A recent report by Deloitte found that a corporate focus on social impact not only aids in attracting and retaining millennial talent, it can also boost both corporate growth and the bottom line.
An open letter to the Deputy President of South Africa, Cyril Ramaphosa
The lowdown on getting great advice.
What do you believe will be the biggest challenge when the COFI framework is finally implemented?