Beyond words: Assessing the real-world impact of our initiatives

At PwC, we believe in rigorously evaluating our societal impact to ensure we‘re driving meaningful, positive change. Our approach goes beyond traditional metrics, delving deep into the economic and social fabric of the communities where we operate.

We employ a comprehensive analysis framework that encompasses:

By evaluating the economic impact of PwC’s initiatives and mapping the pathways of selected skills development and other programmes, we can better understand how our operations and investments translate into tangible benefits like job creation and community empowerment. This approach aligns with our commitment to sustainable development and positive societal change, reinforcing our role as a responsible corporate citizen.

To effectively measure and understand the impact of our initiatives, we employ a comprehensive methodology that tracks the progression from resources invested to the ultimate changes in the lives of our target population. This approach involves several stages: inputs, activities, outputs, outcomes and impacts.

The Economic Impact Assessment (EIA) methodology uses the Social Accounting Matrix (SAM) framework and is guided by Global Reporting Initiative (GRI) standards.

PwC South Africa’s operational impact

We measured the economic impact of our operations as part of our societal purpose of building trust and delivering sustained outcomes. We show PwC’s estimated contribution through our day-to-day operations and their knock-on effects.

South African households are estimated to have received job opportunities, resulting in an increased income of around R8.8 billion.

Total government revenue is also estimated to have increased.

PwC contributed an estimated R2.6 billion through induced tax revenue contributions.

The results of the EIA show that PwC, through its operational expenditure, contributed positively to the South African economy.

This included contributions through greater economic growth and employment levels, reduced poverty, reduced income inequality, and increased public services and infrastructure funding.

PwC South Africa bursaries

PwC bursary holders who started their articles in 2024 will earn R32.1 million in salaries by the end of the year. During the year, they will spend these salaries on various goods and services, contributing to the South African economy.

Spending by PwC bursary holders will positively impact the household incomes of other individuals in South Africa. Simultaneously, government tax revenue is expected to increase because of increased tax revenue during 2024.