This guide is intended as an explanatory memorandum surveying the current legal landscape and market standards in South Africa concerning impact investing as well as the current viable impact investment options. This guide will be useful to, amongst others, South African debt and equity investors, grant-makers, foreign investors, incubator/accelerator portfolio managers, small and medium enterprises and social enterprises. The guide examines the laws and policies governing impact investing in South Africa, as well as different types and sources of financing that can be accessed for impact investment, and introduces a term sheet and “dos and don’ts” in carrying out negotiations and drafting term sheets.