Society cannot continue to cope with prevailing social issues in the traditional way. We need to harness entrepreneurship, innovation and capital to achieve in the social area what they have achieved in the creation of entrepreneurial firms.
Mpondo has been driving the streets of Cape Town for nine years. In 2009, he was hijacked by two youngsters who shot a bullet from his shoulder through to his chest. With the help of neighbors and friends, Mpondo adapted his taxi to his disability.
Mention the term "impact investing" at a social enterprise gathering and eyes widen and enthusiastic words flow. Mention "corporate governance" and it's likely that those same eyes will glaze over. But good governance matters. It's what enables impact investments to work.