Responsible investing a new millennial trend

MILLENNIALS now prioritise socially responsible and impactful investing, according to a new global survey.

Joburg-based Sibongile Gwele, 28, is currently investing in line transportation.

“I started in 2017 with just one taxi,” said Gwele.

She said it has been an amazing journey, adding that the sector has its challenges.

“For example, we moved from taxis to Uber. One is constantly faced with a lot of challenges in terms which is the cheapest mode of transport to use. The whole idea is to start because there is a lot of money and the sector is continually growing,” Gwele added.

She said investing grew you as a person outside your nine to five job and you contribute largely to the direction the country is heading.

“Don’t be afraid to make bold moves and starting over and over again,” Gwele said.

The study has found that eight out of 10 millennials (people born between the early 1980s and 1996) now prioritise socially responsible and impactful investing.

Newly-engaged Mahanke Ndaba, 26, said he started investing in property a little over a year ago.

“I am investing in property, specifically housing,” said Ndaba.

The teacher said his first investment was building a home for him and his future wife and he was also looking into building a student accommodation for TVET students.

“I’m working on building apartments for students,” Ndaba said.

He said he got into property investment to secure the family generation coming after him.

“We have to think for those who are coming after us,” Ndaba said.

He has advised that people who were looking to invest had to be willing to take risks and be patient.

“When you invest, you don’t see immediate results.”