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Unlisted investments by pension funds in Namibia: an evaluation of social impact
Empirical evidence indicates that private equity in Africa is important for proliferating social and economic development in the form of job creation, poverty reduction, economic empowerment and reducing dependency on foreign aid. Namibia presents a unique case in that ‘unlisted investments', as...
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| Format: | Thesis |
| Language: | Eng |
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Graduate School of Business (GSB)
2023
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| _version_ | 1867613237676081152 |
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| access_status_str | Open Access |
| author | Endjila, Ester Tegelelomuwa |
| author2 | Gumede, Lungelo |
| author_browse | Endjila, Ester Tegelelomuwa Gumede, Lungelo |
| author_facet | Gumede, Lungelo Endjila, Ester Tegelelomuwa |
| author_sort | Endjila, Ester Tegelelomuwa |
| collection | Thesis |
| description | Empirical evidence indicates that private equity in Africa is important for proliferating social and economic development in the form of job creation, poverty reduction, economic empowerment and reducing dependency on foreign aid. Namibia presents a unique case in that ‘unlisted investments', as they are known in the country, are both required and regulated for pension funds, creating an opportunity to evaluate the impact thereof. This study uses objective company data to examine the effect of pension fund unlisted investment capital on social outcomes in Namibia, by reviewing this data qualitatively in the first instance and then quantitatively. The qualitative findings indicate that 92% of the Special Purpose Vehicles (SPVs) examined have impact objectives in their investment plans and therefore aim to have some kind of impact as a starting point. However, it is found that frameworks for measuring the desired impacts are not well demonstrated. The quantitative regression analysis does not provide enough evidence to prove a significant and positive relationship between incremental unlisted investment capital contributed and variation in total employment (used to represent social impact). The study identifies the lack of impact data in the industry as a concern and recommends the incorporation of an impact measurement framework as part of the regulatory framework for unlisted investments, in order to appropriately meet the objectives for which the unlisted investment requirement was created |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/39054 |
| institution | University of Cape Town (South Africa) |
| language | Eng |
| last_indexed | 2026-06-10T12:32:57.328Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2023 |
| publishDateRange | 2023 |
| publishDateSort | 2023 |
| publisher | Graduate School of Business (GSB) |
| publisherStr | Graduate School of Business (GSB) |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/39054 Unlisted investments by pension funds in Namibia: an evaluation of social impact Endjila, Ester Tegelelomuwa Gumede, Lungelo development finance Empirical evidence indicates that private equity in Africa is important for proliferating social and economic development in the form of job creation, poverty reduction, economic empowerment and reducing dependency on foreign aid. Namibia presents a unique case in that ‘unlisted investments', as they are known in the country, are both required and regulated for pension funds, creating an opportunity to evaluate the impact thereof. This study uses objective company data to examine the effect of pension fund unlisted investment capital on social outcomes in Namibia, by reviewing this data qualitatively in the first instance and then quantitatively. The qualitative findings indicate that 92% of the Special Purpose Vehicles (SPVs) examined have impact objectives in their investment plans and therefore aim to have some kind of impact as a starting point. However, it is found that frameworks for measuring the desired impacts are not well demonstrated. The quantitative regression analysis does not provide enough evidence to prove a significant and positive relationship between incremental unlisted investment capital contributed and variation in total employment (used to represent social impact). The study identifies the lack of impact data in the industry as a concern and recommends the incorporation of an impact measurement framework as part of the regulatory framework for unlisted investments, in order to appropriately meet the objectives for which the unlisted investment requirement was created 2023-10-31T15:36:34Z 2023-10-31T15:36:34Z 2022 2023-10-31T15:29:13Z Thesis / Dissertation Masters MCOM http://hdl.handle.net/11427/39054 Eng application/pdf Graduate School of Business (GSB) Faculty of Commerce |
| spellingShingle | development finance Endjila, Ester Tegelelomuwa Unlisted investments by pension funds in Namibia: an evaluation of social impact |
| thesis_degree_str | Master's |
| title | Unlisted investments by pension funds in Namibia: an evaluation of social impact |
| title_full | Unlisted investments by pension funds in Namibia: an evaluation of social impact |
| title_fullStr | Unlisted investments by pension funds in Namibia: an evaluation of social impact |
| title_full_unstemmed | Unlisted investments by pension funds in Namibia: an evaluation of social impact |
| title_short | Unlisted investments by pension funds in Namibia: an evaluation of social impact |
| title_sort | unlisted investments by pension funds in namibia an evaluation of social impact |
| topic | development finance |
| url | http://hdl.handle.net/11427/39054 |
| work_keys_str_mv | AT endjilaestertegelelomuwa unlistedinvestmentsbypensionfundsinnamibiaanevaluationofsocialimpact |