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Paradigm shift in corporate reporting
Africa is home to an unparalleled variety of flora and fauna and is also a global nature hotspot. Many of its ecosystems are under threat from deforestation, poaching, climate change, and urbanisation.
The reporting landscape today is starkly different from decades ago when investors relied significantly on financial statements as the primary source of information to understand the financial position and performance of an organisation.
However, it is important to acknowledge the influencing factor that played a disproportionate role during this era—the low level of complexity and stability within the operating environment.
