Study offers a detailed analysis of Socially Responsible Investment (SRI) sector

Annette Willemse -- Fri, 10/16/2015 - 16:21

Study offers a detailed analysis of Socially Responsible Investment (SRI) sector

Socially Responsible Investment (SRI), also known as sustainable, socially conscious or ethical investing, impacts the South African economy on both a microeconomic and macroeconomic level. 


Prof Herman van der Merwe and
Dr Paul-Francois Muzindutsi
Prof Wynand Grobler, read the appreciation of the study Ms Elbie Steyn, Campus Registrar and Dr Muzindutsi


The perceived impact of SRI initiatives – especially when aligned to the needs of the community, is remarkable. In his doctoral study Dr Paul-Francois Muzindutsi found that the growth of the South African SRI sector is closely linked with factors of macroeconomic growth and stability. At a microeconomic level, his study revealed that SRI positively affects the image of companies implementing SRI initiatives in local communities.  Dr Muzindutsi came to this conclusion by applying several econometric models to analyse the effects of the Socially Responsible Investment sector.

Dr Muzunditsi – a lecturer in the School of Economic Sciences on the Vaal Triangle Campus of the North-West University (NWU Vaal), obtained his doctoral degree during the recent October graduation ceremony of the campus.  He joined the NWU in 2013 as a PhD student. The theme of his doctoral thesis was: “Effect of Socially Responsible Investment on economic development in South Africa: An econometric analysis.”

More about Dr Muzindutsi

Paul-Francois Muzindutsi was born in Rwanda. He completed a Master of Commerce (Finance) degree in 2011 at the University of KwaZulu-Natal. In 2009 he started working as an Academic Development Officer for Finance at the University of KwaZulu-Natal, a role that led to his employment as a lecturer at the same university in 2011.

He has published numerous research papers in the areas of investment, financial markets and time series analysis of macroeconomic variables.

* The promoter of the study was Dr TJ Sekhampu.

Prof Linda du Plessis conferred the degree Ms Elbie Steyn, Campus Registrar