This secondary research project is to show you the differences between the two businesses I have chosen which are Mr Price and Vodacom, both these businesses will be compared against each other to show you their good and bad sides.
What is a stakeholder:
A stakeholder is a person, organization, social group or even a society at large that has a stake in the business they are invested in. So stakeholders can be internal or external to the business they are invested in. A stake is a vital interest in the business. Being a stakeholder can include ownership and property interests, legal interests, obligation and moral rights. A legal obligation may be the duty to pay wages or to honour contacts. A moral right may include …show more content…
• Foord Asset Management (Pty) Ltd.
• T. Rowe Price International Ltd
• Concord Trust Ltd.
Mr Price protects its investors and fostering efficient markets. The company is always expanding. you’ll also have a voice and a vote in the running of the company. You may be able to influence the direction and policy of the business. You may get dividends on your stock based on profits the company makes, as long as the company doesn't choose to reinvest the profit into its operations. Mr Price rewards its stakeholders more than Vodacom does as they reward and protect their shareholders from high and low risks
Corporate Social responsibility and environmental sustainability:
Vodacom foundation donated R400 000 to the SRCS projects. Hundreds of pre-school children in the communities of Potchefstroom and its surroundings will benefit from their donation. It was the biggest student driven welfare organisation in the country. This contribution is going to be used to support programmes in the early childhood development.
Mr …show more content…
They were one of the first cellular companies to be established in the market in South Africa. It has up to 18,Â 885Â million subscribers. Therefore the effect of them committing fraud or unethical business practise would be detrimental as it would be easily discovered and could possibly lead to the businesses failure.
A formal Code of Ethics is in place, encapsulating the Group's philosophy of zero tolerance of any form of corruption, fraud, abuse or unethical business practice. The Group does not hesitate to take the necessary disciplinary action against employees believed to have transgressed these ethics.
South Africa suffers from various socio economic problems. In post apartheid times, the government and businesses a like are trying to combat these issues and contribute towards a better South Africa. With the incorporation of the King III Report, businesses which are listed on the JSE are needed to report on their CSR (Corporate Social Responsibility). The government cannot combat these socio economic problems by themselves so the help from businesses would go a long way in helping the cause for a better South Africa.