The global economy is on the brink of a downturn, possibly a recession. Turbulence and opportunity lie ahead; our currency is under pressure and may continue to devalue. What does this mean for South African nonprofit organizations? How should they respond?
What is a Recession?
An economy is in recession when economic growth rates decrease for two [...]
Nonprofit organizations readily embrace the value of financial accounting. They understand the need to keep careful financial records, have them audited independently and send copies to their investors. Because these financial statements are prepared and audited according to accepted standards, they are in turn accepted as an accurate reflection of an organization’s finances – and [...]
It is time for traditional nonprofit organizations to wake up and rethink their paradigm. Those that don’t are likely to become either obsolete or irrelevant. Those nonprofit organizations that are able to adapt accordingly are likely to remain or become successful.
There are seven main reasons why nonprofit organizations need to put some time aside to [...]
The role of business in society is receiving increasing attention. There have recently been many articles on corporate social responsibility, corporate social investment and corporate philanthropy. We have noticed confusing and inconsistent use of these terms. In response, we propose some definitions that we hope will reduce the confusion.
Social Responsibility:
Corporate Social Responsibility (CSR) refers to [...]