Browsing by Author "Canning, Rayner"

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    Review of social impact bonds in the South African educational sector
    (2017) Canning, Rayner; Biekpe, Nicholas; Patton, Aunnie
    Given the poor ongoing economic outlook, particularly for emerging market countries such as South Africa, new innovative, low-risk opportunities for improved service delivery and societal outcomes are particularly attractive. This is critically true for Early Childhood Development interventions given their ability to positively impact the school-readiness of learners and thus improve education outcomes. This exploratory investigation examined relevant Social Impact Bonds from other markets and concluded that their implementation is likely to find traction within an emerging market context such as South Africa. The findings suggest that short to medium term (less than 5 years) SIB contractual periods are preferred with investor capital fully risk exposed.