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SOUTH AFRICA: Local business leads continent-wide AIDS fight

[This report does not necessarily reflect the views of the United Nations]

JOHANNESBURG, 3 June (PLUSNEWS) - South African firms are leaders in addressing the impact of HIV/AIDS on business, but the response has been slower in other parts of Africa, according to a new study.

A survey by the World Economic Forum (WEF) found that most African companies were not responding quickly enough, with only 34 percent said to have either a written or informal AIDS policy in place, despite some 51 percent of businesses already feeling the impact of the disease on revenues.

In a statement released at its Africa summit in Cape Town this week, WEF said: "South African companies appear to be leading the way in the response to HIV/AIDS, with up to 91 percent having an anti-AIDS policy in place."

The economic forum warned that shrinking labour pools, increased costs and decreased productivity could significantly impact the competitiveness of African businesses that are slow to act against the pandemic.



Recent SOUTH AFRICA Reports
Global Fund withdraws support for loveLife ,  19/Dec/05
National survey finds young women most at risk of HIV/AIDS,  1/Dec/05
AIDS activists take government to court again,  29/Nov/05
Poor governance blamed for US $10 million unspent in HIV/AIDS budget,  1/Nov/05
NAPWA partners with controversial Rath Foundation,  20/Oct/05
· AIDS Media Center
· The Global Fund to fight AIDS, Tuberculosis & Malaria
· International Community of Women Living with HIV/AIDS
· International HIV/AIDS Alliance

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