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UCT believed to be SA’s first to design responsible investment policy

UCT Investment PhD student Xolani Dhlamini says responsible investment policy for its pension and endowment millions is growing in SA.

FILE: University of Cape Town. Pictures: Facebook/Michael Currin.

CAPE TOWN - The University of Cape Town (UCT) is believed to be the first South African university to design a responsible investment policy for its pension and endowment millions.

It was mentioned in an article penned by UCT Investment PhD student Xolani Dhlamini which was published earlier on Tuesday.

He says universities are no longer simply institutions of learning, but they have also become investors and should look at ways to address societal issues through this channel.

Dhlamini adds South Africa's institutions are lagging behind their foreign counterparts when it comes to responsible policies but that he has noted the idea has gained some traction.

He says UCT seems to be leading the charge.

“There was a lot of movement among students and even staff. That is one of the first universities in South Africa that made the commitment to look at how do they then have a policy that will avoid investing further into fossil fuels."