Since its launch in June last year, the South African Social investment Exchange (Sasix) -  the social investment exchange which lists selected projects, has raised R2,4million.

Sasix, an initiative of the GreaterGood SA Trust, said last week that it had expanded its investment offering with 12 new projects, and an additional investment sector.

"Of our 31 listed social investment projects, 20 are already fully funded, which has facilitated the inclusion of additional investment offerings," Tamzin Ractliffe, CE of the GreaterGood, said.

"I believe the excellent response that Sasix has received is indicative of the need for social investment brokering support services and a greater focus on performance-based social investment opportunities."

Sasix was launched with an initial offering of 16 social profit projects across four targeted sectors, namely, enterprise development, early childhood development, food security, and orphans and vulnerable children.

In the second quarter, three new development sectors -  basic health care, environment and conservation, and animal protection -  were introduced, as well as 10 other new projects.

Ractliffe said with the financial year coming to a close this month, the Sasix portfolio represented an excellent opportunity for companies and individuals to take advantage of their tax-deductible donations.
 

Sasix is unique in that its investors are able to choose discrete, time-bound and performance-based investments in projects or organisations that are meaningful and tangible to them.

Shares cost R50 each, and can be purchased online on the Sasix website. Significant corporate investors include Noah Financial Innovation, City Lodge, Afrox, Goodyear and Deutsche Bank.

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Publisher: I-Net Bridge
Source: I-Net Bridge