In South Africa, 5.5 million people (11% of the population) are estimated to be living with HIV/AIDS. The adverse effects of AIDS on the workforce have given rise to major difficulties for employers throughout the country. The direct cost of AIDS is felt through escalating employee benefits and medical scheme costs. Indirect effects such as reduced productivity of staff and the negative impact on consumer markets will put pressure on the sustainability of business profits.
The King II Report on Corporate Governance reviewed the state of affairs with respect to the management of HIV/AIDS in the corporate sector and measures to promote business sustainability in the face of the pandemic”. The report recommended that Boards of Directors of South African companies should:
- Understand the social and economic impact on business activities
- Adopt an appropriate strategy and policies to manage the potential impact
- Monitor and measure performance
- Report to stakeholders on a regular basis.
At Twelve Winds, we assess and review each business independently according to criteria such as industry, demographic profile of the workforce and market profile. A tailored strategic solution is then devised, addressing the key issues associated with AIDS within each sector of the client’s business.
We have assembled a specialist team that focuses on managing the overall impact of AIDS drawing on the comprehensive skills base of Twelve Winds and its partner organisations. The aim is to quantify its associated costs and devise strategies to help clients manage the problem sensitively and effectively. Twelve Winds can provide the workforce with a complete HIV/AIDS programme in a combined seamless project.
Since 1995, the team has consulted to companies and governments throughout the continent on assessing and managing the business impact of HIV/AIDS. Twelve Winds is the only completely independent consultancy offering clients access to all of the leading actuarial and financial models on HIV/AIDS, including its own proprietary model originally developed and in use since 1996.