Prince Siluma


credit:

It's that time of year again: time to think about how you'd like to spend your money over the course of your life.

And if you're among the ultra-rich, here's a suggestion from a South African bank: invest some of your money in something that has a "positive social or environmental return" on it.

Specifically, it's called "impact investing," and it involves putting money toward projects that have a "positive social or environmental return" as well as a financial return.

"Most importantly, make each rand work harder for both a financial return and the desired social or environmental impact," writes Silvia Siluma of FNB Philanthropy in a blog post.

She's talking about South Africa, where the unemployment rate in the third quarter of 2018 was 31.9%, and where 55.5% of people live below the poverty line.

"The scale of the problems South Africa faces is significant and overwhelming," she writes.

"One's isolated personal giving may be insufficient unless one works collaboratively and leverages each donated rand for greater impact."

So what is impact investing? It's "a steadily growing field," writes Siluma.

"From affordable housing to quality education to water and road infrastructure, impact investors are investing in

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