The extraordinary strides in Africa's development have renewed the enthusiasm of philanthropists and increased charitable giving. Unlike previous decades, it also focuses on what local South African philanthropists can do to make a bigger impact.
This is because the best South African philanthropy has very important insights to maximize efforts to reduce the burden of poverty, disease, and injustice.
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The 2018 research shows that more people and organizations are giving more than ever before and that the gap between Africa and the region that gives the most has narrowed significantly over the past five years.
The key factor behind the growth of philanthropic giving is Africa's remarkable economic growth. This causes the middle class to grow, leading to a healthy increase in the number of actual and potential philanthropists. African Philanthropy estimates the potential wealth pool of the wealthy. The potential impact of needle removal on health and educational benefits is enormous.
To realize the potential of this dollar and take advantage of the opportunities presented by the Fourth Industrial Revolution, philanthropists must work more collaboratively. However, the lack of funds to facilitate partnerships is an obstacle to the impact of philanthropy.
Over the years, philanthropists have pooled their resources and knowledge to increase investment in charities. In doing so, they have built an organic form of collaboration and achieved high impact. But now is the time to strengthen that collaboration and forge closer ties with local philanthropic partners.
However, the case for deeper collaboration between philanthropists remains clear and compelling. There is also a growing awareness of the importance of philanthropy and its advantages over other types of giving.