Is the concept of shared value possible in SA?
We are at a defining moment in our country’s history. The tragic violence brought on by Marikana, the multitude of service boycotts, countless reports of corruption, ineffective policy execution and the high inequality levels in South Africa are indicators that the country has broadly-based value creation issues.
A complete change in stakeholder thought and action is required at a national, industry and company level to create shared value for all.
This is the view of Tjaart Minnaar, Managing Director of OIM, one of South Africa’s leading business consultancy firms. He echoes Dr. Mamphela Ramphele’s recent call to build sustainable, local, economic development programmes. “Shared value, although a possible reality, will require a complete ideology shift whereby shareholders, customers, suppliers, employees and society at large will benefit.”