President Cyril Ramaphosa’s ambition to attract R1.2-trillion in new investment into the country recognises the central role finance can play in stimulating growth and kick-starting the economy. But intentionally directed, it can do so much more than that. Earlier in 2018 Ramaphosa told parliament his investment dream team is spreading the message that SA is open for business and that it will be prioritising inclusive growth and transformation of the economy. To achieve this, more investments must be channelled towards initiatives that offer social or environmental impact. Directing more capital towards impact investment would also satisfy a growing demand from consumers for more socially responsible outcomes. According to an international 2017 study from Deloitte, 76% of millennials regard business as a force for social impact, and Bank of America reports that 85% of US millennials are interested in, or actively engaging in, impact investing. Difficult to assess As an early-stage e...

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