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Making csi matter   csi & hybrid models - dr s steinman
Making csi matter   csi & hybrid models - dr s steinman
Making csi matter   csi & hybrid models - dr s steinman
Making csi matter   csi & hybrid models - dr s steinman
Making csi matter   csi & hybrid models - dr s steinman
Making csi matter   csi & hybrid models - dr s steinman
Making csi matter   csi & hybrid models - dr s steinman
Making csi matter   csi & hybrid models - dr s steinman
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Making csi matter csi & hybrid models - dr s steinman

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The relationship between CSI and hybrid models for development

The relationship between CSI and hybrid models for development

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  • 1. THE RELATIONSHIP BETWEEN CSI AND HYBRID MODELS FOR DEVELOPMENT Dr Susan Steinman – Centre for Social Entrepreneurship and Social Economy
  • 2. TO BE EXPLORED IN THIS SESSION….. Social entrepreneurship and commercial services that target the bottom of the pyramid are now part of the developmental lexicon. This session aims to explain these hybrid models and their relationship to CSI. Dr S Steinman: Tel.: 082-459-2082 ssteinman@uj.ac.za
  • 3. BACKGROUND AND CONTEXT <ul><li>The Social Enterprise World Forum (SEWF) took place at the University of Johannesburg in April this year and the intent was to kickstart social enterprise and a focus on social entrepreneurship on the African continent </li></ul><ul><li>While the non-profit movement is included, the focus is on SUSTAINABILITY, trading and enterprising non-profits and other hybrid models. </li></ul><ul><li>Africa is no stranger to social enterprise and social entrepreneurship </li></ul><ul><li>Social innovation in Africa and other developing countries targets the bottom of the pyramid – international community inspired by e.g. Wizzit Bank </li></ul>Dr S Steinman: Tel.: 082-459-2082 ssteinman@uj.ac.za
  • 4. THE CHANGING LANDSCAPE OF THE SOCIAL SECTOR <ul><li>Microfinance by social entrepreneurs like the Small Enterprise Foundation and Phakamani helped thousands. </li></ul><ul><li>At the bottom of the pyramid there are other social entrepreneurs in enterprises that are creating jobs and income for the poorest of the poor. </li></ul><ul><li>NGO and social entrepreneurs no longer rely on grants and handouts – they are becoming social enterprises: shedding the begging bowl for business </li></ul><ul><li>Is current models – especially the BBBEE scorecard answering to economic realities and empowering everybody or just a few – won’t an emphasis was on enterprise development, procuring from social enterprises be a better solution. </li></ul><ul><li>We need to create jobs, opportunities and create an enabling environment in which CSI can a greater contribution. </li></ul>
  • 5. SOCIAL ENTREPRENEURSHIP AND THE BOTTOM OF THE PYRAMID <ul><li>Brian Richardson and Wizzit Bank </li></ul><ul><li>Addressing access to finance at the bottom of the pyramid by making banking accessible to anybody. </li></ul><ul><li>Business model is a pty ltd with shareholders </li></ul><ul><li>Richardson is an Ashoka fellow </li></ul><ul><li>Cell phone banking taking the world by storm </li></ul><ul><li>International community – especially SEWF International Steering Committee amazed and impressed </li></ul><ul><li>Ideal for Financial Sector Charter – access to finance etc </li></ul><ul><li>Legislation need to be reviewed – currently social entrepreneurs are using hybrid models to raise funds, more points for enterprise development, social procurement </li></ul>Dr S Steinman: Tel.: 082-459-2082 ssteinman@uj.ac.za
  • 6. CORPORATE SOCIAL RESPONSIBILITY (CSR) <ul><li>Corporate Social Responsibility is the deliberate inclusion of public interest into corporate decision making and the honouring of a tripple bottom line – i.e. people, profit and planet (World Economic Forum definition) </li></ul><ul><li>CSR therefore consist of the following in organisations: </li></ul><ul><li>Corporate philanthropic giving (charity or welfare) </li></ul><ul><li>Corporate Social Investment (CSI) </li></ul><ul><li>Socio-economic Development (SED) </li></ul><ul><li>SED are regulated by legislation (BBBEE Act) while CSR as a whole is required by the King Report(s) and other international reporting standards for organisations e.g. Global Sustainability Initiative (GRI) </li></ul>Dr S Steinman: Tel.: 082-459-2082 ssteinman@uj.ac.za
  • 7. CSR ACTIVITIES <ul><li>Corporate giving not always focused on social enterprise development but largely focused on donations (moral conscious versus responsible corporate citizen) </li></ul><ul><li>CSR activities must be aligned to: </li></ul><ul><li>achieve social and economic imperatives, </li></ul><ul><li>aimed at achieving legislative requirements with specific focus on the overall BEE intent, and </li></ul><ul><li>ensure organisational objectives and strategy for sustainability are met </li></ul><ul><li>Although there is a clear difference between corporate giving, CSI & SED in terms of focus and intent, some overlap do exist between CSI and SED </li></ul><ul><li>All SED initiatives can be classified as CSI, but all CSI projects are not necessary SED as per the requirements of the BBBEE Act </li></ul>Dr S Steinman: Tel.: 082-459-2082 ssteinman@uj.ac.za
  • 8. WHAT IS NEEDED <ul><li>Don’t “gooi” money into a bottomless pit – do due diligence before you give and monitor and evaluate the project on a regular basis. </li></ul><ul><li>Become involved with the social sector and don’t do blind giving </li></ul><ul><li>Tackle enterprise development and select projects that include more components of BBBEE – because BBBEE is more than making a few people rich – we need to take the empowerment to the masses – to the bottom of the pyramid. </li></ul><ul><li>INNOVATION </li></ul><ul><li>Best practices of how CSI and BBBEE effect socio-economic transformation </li></ul>Dr S Steinman: 082-459-2082 ssteinman@uj.ac.za

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