South Africa: Good Business
Wednesday, June 21, 2006
Excerpt: LAST week’s launch of the South African Social Investment Exchange (Sasix) serves to reinforce the idea that local business is concerned about more than just its own profits.
The social investment exchange works very much like a stock exchange, except that in this instance companies place their money in a particular project, and receive a social return — the upliftment and development of a worthy cause — as opposed to a monetary return.
The idea of a performance-based social investment, though not a novel one, is reassuring for investors keen on investing in good, sustainable projects.