Wednesday, July 27, 2005

World Crises | Reuters.com-Do-gooder' companies strike gold in South Africa

World Crises | Reuters.com: "Do-gooder' companies strike gold in South Africa
Wed 27 Jul 2005 6:18 AM ET

By Rebecca Harrison

JOHANNESBURG, July 27 (Reuters) - Companies the world over face pressure to pump profits back into the community, but in South Africa -- blighted by AIDS and the legacy of apartheid -- doing good has become a crucial component of success.

Eleven years after the end of white rule, South Africa is battling the heaviest caseload of people with HIV, some of the world's biggest wealth disparities and a patchy education system that still fails most poor students.

At the same time, the government is pushing companies to right the wrongs of white rule by meeting strict quotas on black employment and ownership, and by contributing to development."

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