South Africans have taken to investing in the Section 12J investment universe in growing numbers, particularly since 2015 when demand started accelerating. It’s estimated that R9.34bn has found its ...
It’s estimated that R9.34bn has found its way via the Section 12J initiative into smaller businesses, while over 10 500 jobs have been created. There are now over 180 12J Venture Capital Companies ...
Financial advisors were quick to recognise the benefits of the attractiveness of Section 12J investments, but they are also proving quite beneficial for small and medium-sized enterprises (SMEs) – and ...
Many investors do not fully understand the tax incentive and structure of a Section 12J venture capital investment, says Zane De Decker, managing director of Section 12J company Flyt Hospitality.
Section 12J funds will be gearing up for a flurry of interest as investors into the tax incentive realise it may be now or never to make the most of the tax break offered. Not only are investors ...
Investors wanting to invest in Section 12J still have until 30 June to invest before Treasury’s sunset clause on this South African tax incentive takes effect. This is what you need to know before ...
Section 12J of the Income Tax Act which was introduced in 2009, allows an investor to deduct the full amount invested in a Section 12J VCC from taxable income for the specific year. Simply put, the ...
Dino Zuccollo, chairman of the 12J Association of South Africa says, “The 2020 Section 12J industry report demonstrates that the incentive has not only managed to create jobs, but it has done so more ...
In the 2021 Budget Review tabled with minister Tito Mboweni’s budget speech yesterday, the National Treasury announced that section 12J of the Income Tax Act will not be extended past its sunset date ...
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