Impact investing in South Africa: Investing in empowerment, empowering investors

Ducastel Antoine, Anseeuw Ward. 2020. Impact investing in South Africa: Investing in empowerment, empowering investors. Historical Social Research, 45 (3) : pp. 53-73.

Journal article ; Article de recherche ; Article de revue à facteur d'impact
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Abstract : This paper examines how Impact Investment (II) becomes part and transforms structured accumulation regimes and circuits, with a particular emphasis on South Africa's agricultural sector. Through the joint implementation of a macro study of the South African II circuits, and a micro study of a particular II fund's practices and impacts, the paper develops an in-depth political economy assessment of II circuits in order to historicize these circuits, to map the South African II community, and to characterize the power balances presently structuring it. Rather than highlighting ruptures, it draws the attention to the historical continuities and path-dependencies as II related tools are rooted into older financial practices, shaping today's II development and practice - hence questioning II as a tool for empowerment.

Mots-clés Agrovoc : Politique des investissements, Grande exploitation agricole, Évaluation de l'impact, Autonomisation

Mots-clés géographiques Agrovoc : Afrique du Sud

Mots-clés complémentaires : investissement agricole

Mots-clés libres : Impact investment, South Africa, Agriculture, Large scale agriculture

Classification Agris : E13 - Investment, finance and credit
E10 - Agricultural economics and policies

Champ stratégique Cirad : CTS 2 (2019-) - Transitions agroécologiques

Auteurs et affiliations

  • Ducastel Antoine, CIRAD-ES-UMR ART-DEV (FRA) ORCID: 0000-0001-6343-5173
  • Anseeuw Ward, CIRAD-ES-UMR ART-DEV (ITA) - auteur correspondant

Source : Cirad-Agritrop (

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