Fasted growing alternative assets class in South Africa
Section 12J requires investors to take a 5 year outlook (any investment exited before 5 years is liable for a recoupment of the tax benefit)
Hospitality has notably been a strong performer due to its significant job creation (a key criteria for Treasury), and in having a strong asset underpin, and strong cash flows
The fund is administered by Grovest - the pioneers of Section 12J - and the largest administrator of Section 12J VCCs
100% tax deductible
Fasted growing alternative assets class in South Africa
Section 12J requires investors to take a 5 year outlook (any investment exited before 5 years is liable for a recoupment of the tax benefit)
Hospitality has notably been a strong performer due to its significant job creation (a key criteria for Treasury), and in having a strong asset underpin, and strong cash flows
The fund is administered by Grovest - the pioneers of Section 12J - and the largest administrator of Section 12J VCCs