A pre- and post-election comparison of the commitment of South Africa's listed companies to sustainable development

Abstract

In South Africa the first democratic election brought about the possibility for the South African business community to compete internationally, unhindered by the limitations and sanctions designed 10 counter the system of apartheid. To be admitted lo the global market, companies must comply with international environmental standards. In order to ascertain the level of commitment of the South African business community to the concept of sustainable development, surveys were undertaken during August 1993 to January 1994 as well as April to May 1995 among Soudi African companies listed on the Johannesburg Stock Exchange. Based on the results we conclude that there is an increased commitment by South Africa's listed companies to the concept of sustainable development subsequent to the 27 Aprii 1994 election.