Social Responsibility and Corporate Citizenship (Grade 12 NSC Matric Business Studies): Flashcards

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Socio-Economic Issues
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Socio-economic issues definition

Challenges from problems within society and economy

3 major socio-economic issues in SA

HIV/AIDS, unemployment, poverty

HIV/AIDS impact on workplace

Leave for ARV treatment; affects productivity & stability

Unemployment impact on businesses

Smaller customer base, economic instability

Poverty definition

Cannot satisfy basic needs: food, shelter, healthcare

HIV/AIDS strategy: Treatment support

Help employees access ARV, reduce time off work

Unemployment strategy: Skills development

Learnership programmes, vocational training

Poverty strategy: Direct assistance

Donate money/food parcels to NGOs for vulnerable families

Employee wellbeing: Fair compensation

Wages reflect work nature, performance-based bonuses

Community wellbeing: Ethical practices

Honest advertising, product safety, no harmful activities

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