Assessing the viability of implementing explicit mandatory corporate social responsibility regulation in South African law

Throughout history, there have been a several devastating events which has shaped the realities of this world and required a rethink about potential ways forward for a restored and an improved future. These include events such as the Great Depression of 1929–39 which was considered the worst financial and economic disaster of the 20th century; and the Financial Crisis of 2007–08 which sparked the Great Recession, the most-severe financial crisis since the Great Depression.1 The COVID-19 pandemic is another catastrophic event which has changed the course of human history in a multitude of ways. The COVID-19 pandemic was the largest public health crisis in living memory, which had subsequently generated a major economic crisis; caused individuals and communities to endure relentless suffering; and caused a collapse in confidence throughout countries worldwide.2Minister of Trade, Industry and Competition, Ebrahim Patel, expressed how the COVID-19 pandemic in South Africa had caused a massive and rapid shock on the economy, and how the impact on gross domestic product (GDP) will be very significant with a projected recession, accompanied by big job losses and high levels of social hardship.

Grantor dc:publisher.institution

University of the Western Cape

Year dc:date.issued

2024

Author dc:creator

• Cupido, Shayne

• Corporate Social Responsibility
• Voluntary
• Stakeholders
• Transparency
• Viability

Licence

• https://uwcscholar.uwc.ac.za/bitstreams/ad16e584-b0a0-4da7-bac0-ef2fa7fc7dc7/download