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 Dheli 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. “The key for us is getting people who determine how and where money is deployed. Our key priority is changing the psyche of SA’s key decision-makers to understand that investing is not just about a commercial bottom line. It’s about changing the environment in which we operate,” said Elias Masilela, exec...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now