year in review 2018 Paperturn - Page 66



CHILDREN
BENEFIT FROM
UCT SOCIAL BONDS
The Bertha Centre for Social
Innovation and Entrepreneurship at
UCT’s Graduate School of Business
joined forces with the Western
Cape Department of Social
Development (DSD) to launch a
social impact bond fund to benefit
local Early Childhood Development
(ECD) targets.
Experts at the centre said the Impact
Bond Innovation Fund (IBIF) will
pave the way for the use of
innovative financial mechanisms and
public–private partnerships to boost
public service outcomes. The IBIF,
a first for the global south, comes
after three years of research and
discussion between the DSD and
the centre.
Dr Susan de Witt, Innovative
Finance lead at the Bertha Centre,
64

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