As an early adopter of Black Economic Empowerment (BEE) more than 20 years ago, MIC is determined to continue building this legacy over the next 20 years, in the social impact arena.
Although social impact investing is a relatively new concept to South Africa, it is an exciting and growing industry driven by investor companies, like us, who strive to create social and environmental impact in addition to financial returns.
We focus on education and financial inclusion because these are key to catalysing growth and effecting real, sustainable change in crucial areas of our economy.
Access to quality education delivered by skilled educators has far-reaching effects: besides improving overall education levels in South Africa, it benefits many other areas of the economy, from the labour market in general to less-often considered areas like research and development and technology innovation.
Similarly, investing in financial services enables us to extend financial sector instruments to individuals and small businesses, which in turn triggers an increase in savings, spending and investing across all areas of the economy.
We believe it is both a privilege and responsibility to use our expertise to benefit South Africans and ultimately our true strength lies in our ability to influence the companies within our portfolio to partner with us to effect real, tangible change.
Our mission is to provide more than just funding – as active equity partners we are not only providers of capital, but also offer strategic, board-level guidance on corporate governance and transformation.