SA turns spotlight on impact investing ahead of 2019 Investment Conference

The country’s second Impact Investment Forum will explore how to put South Africa’s limited financial resources to use to address persistent poverty and inequality. Picture: Karen Sandison/African News Agency(ANA).
JOHANNESBURG – Industry leaders have expressed concern about the ruling party’s proposal to impose a form of-prescribed assets on the country’s investment community – a topic that is expected to provoke some heated debate at the upcoming Impact Investment Forum, which will take place on Tuesday, 5 November 2019, ahead of the South Africa Investment Conference.
“How we deploy South Africa’s limited financial resources is a critical conversation that must be had,” says Elias Masilela, Executive Chairman of DNA Economics and Chair of the South African Impact Investing National Task Force that is hosting the event. 
“It is essential to conscientise policy makers, owners of capital and allocators of same, about the urgency to invest appropriately – with the aim of reducing social and economic gaps. It is to remind us of the principles that underpin the Sustainable Development Goals (SDGs) and the National Development Plan (NDP), namely, the growing risk of inequality on not only our accumulated capital but also for the existence of governments as we know and want them to be.”

Source: iol.co.za