Five finalists for the Social Entrepreneur Award for South Africa 2008 were announced here in Cape Town, South Africa at the opening plenary of the 18th World Economic Forum on Africa on Wednesday.
The award, which is recognized by the Schwab Foundation for Social Entrepreneurship in partnership with Ernst & Young, aims to honor the individuals for their innovative and sustainable approaches to tackling unemployment, education and health with significant social impact.
Hilde Schwab, chairperson of the Schwab Foundation for Social Entrepreneurship, referred to the social entrepreneur finalists as a "vital and essential part of society" and noted that "while they have built profitable and sustainable institutions, their primary motivation is not profit maximization, but maximizing the benefit for society and the environment, often revolutionizing entire industries or creating systemic change in the process."
The winner of the Schwab Foundation Social Entrepreneur Award for South Africa will be selected in November 2008 at the Ernst & Young World Entrepreneur Award ceremony.
Source:Xinhua
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