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Impact Investing and Venture Philanthropy

South Africa remains beset by socio-economic challenges ranging from inequality and unemployment, to poverty and a lack of access to education and healthcare.

At an event hosted by Nedbank Private Wealth and Moneyweb, a number of investment professionals sat round the table to discuss the state of impact investing in the country and how investors can contribute to solutions by investing in companies or projects that deliver both financial returns and social and environmental impact.

According to Noxolo Hlongwane, head of Philanthropy for Nedbank Private Wealth, while the concept of impact investing is still relatively new to SA investors, the sector is gaining a lot of attention and many high-net-worth individuals are recognising the opportunities it presents to do good while still earning a decent return.

“While there are certainly fewer financial resources available than there is need in our country, South Africans recognise the urgent need to address the social issues and challenges that face us,” Hlongwane said, “and Nedbank Private Wealth has noticed a growing interest in the impact investment space, especially within philanthropy and development circles, with a gradual shift towards favouring these types of opportunities.”

Read more: https://www.moneyweb.co.za/in-depth/nedbank-philanthropy/investing-for-change/

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