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As corporate scandals increasingly plague the South African private Sector, Andrew Howard, Head of Sustainable Research at Schroders asset management, explains why ESG integration is not just about managing downside controversy risks but the insight it can bring to future growth.
While significant attention is now being afforded by South African businesses to racial diversity, this is only one component of a truly diverse organisation. And this same attention is certainly not being given to many other diversity pillars, most notably the promotion of gender equality, people with disabilities and the youth.
In what could turn out to be possibly one of the biggest failures in the JSE’s recent history, previously high-flying Steinhoff was rocked by an accounting scandal which shook the company to its core.
The Panama Papers and, more recently, the Paradise Papers have been cause for a few worried brows amongst the offshore investment world. Wealthy individuals who have used offshore jurisdictions such as Jersey, Guernsey and Mauritius as means to evade tax are finding themselves swimming naked as these hiding places are exposed and leaked information is made known, often revealing complicated webs of off-shore companies.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?