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How much is spent per year on Non Profits in South Africa per year?
Social Venture Capital and its Contribution to Economic Growth
Social Enterprise Development is a relatively new concept in South Africa, with a wider range and larger group of beneficiaries to be serviced. However, some social ventures and more particularly Social Entrepreneurs have been running successful organisations over many years and certainly have lessons to share with similar ventures.
Sadly, the fruits of our strong economic performance over the last 12 years have not translated into a better quality of life for all South Africans. We are increasingly questioning conventional solutions to some of our intractable social problems. The current business models tend to favour the rich and marginalize the poor even further. This is most notable where relatively rich areas or countries become increasingly richer, and the poor suffer even bigger hardships.
The government’s capacity to provide solutions and funding is well intended but in isolation, is limited and government alone cannot address the problem. The private sector and other interested groups need to be engaged to assist in creating an empowered environment where social enterprise can reach their full potential in servicing the identified social needs.
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Sadly, the fruits of our strong economic performance over the last 12 years have not translated into a better quality of life for all South Africans. We are increasingly questioning conventional solutions to some of our intractable social problems. The current business models tend to favour the rich and marginalize the poor even further. This is most notable where relatively rich areas or countries become increasingly richer, and the poor suffer even bigger hardships.
The government’s capacity to provide solutions and funding is well intended but in isolation, is limited and government alone cannot address the problem. The private sector and other interested groups need to be engaged to assist in creating an empowered environment where social enterprise can reach their full potential in servicing the identified social needs.
download full article.
To read this article you will need an ADOBE PDF Reader Click here to download a FREE PDF Reader if you don't have one installed
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Social Venture Empowerment Pioneer
“the most powerful force for change in the world is a new idea in the hands of a leading social entrepreneur” Bill Drayton, founder and CEO of global social entrepreneurship body - Ashoka
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