Monday
October 29
2018

Impact investing task-force created to draw in the private sector in South Africa

By Londiwe Buthelezi

A national task-force for impact investing, consisting of investment and asset management companies, pension funds, long-term insurers and banks, was formally launched on Thursday to mobilise and channel capital to under-funded social impact projects.

The task-force, which was born out of the Global Steering Group (GSG) for the impact investment summit in New Delhi two weeks ago, is still building membership but it is currently served by volunteer members, predominantly from the financial services sector, while the national planning commission will act as an observer. It also has individual volunteers who are not representing any institutions but rather command capital of their own.

Photo courtesy of John Hogg.

Source: Business Day (link opens in a new window)

Categories
Investing
Tags
financial services, global development, impact investing, social impact