B2B Central

Section 12J

17 Jun 2021

Property investment firm provides a waiting room for Section 2J opportunities

By Staff Writer

Cape-based investment property specialists, Flyt Property Investment, have made investment into hospitality property accessible for future projects via their Section 12J finance-facility fund, the Flyt Partnership 2022 fund. Subscription to the fund will provide investors access to the Section 12J tax-break before the 30 June cut-off, and allow them to park the funds while they wait for new projects to come on board.
14 Jun 2021

Last chance for Section 12J investments by end June: what you need to know

By Staff Writer

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 investing in Section 12J for the last time.
02 Jun 2021

Taking stock of section 12J funds as the end draws near

By Staff Writer

As the section 12J tax dispensation draws to a close at the end of June, Renier de Wit, investment specialist, takes stock on how it contributed to South Africa’s investment landscape and how these fund managers can support the country’s developmental needs.
27 May 2021

Last chance for taxpayers to legally cut their tax bills and contribute to growth

By Staff Writer

In a country where sadly all too often hard-earned taxpayer money is often wasted or stolen through corruption, it would not be surprising for taxpayers to want to withhold their tax contribution. Thankfully, this is not the case in South Africa, as there is still an overwhelming desire amongst citizens to building the country and a commitment to helping it improve and grow.
04 Mar 2021

Investors flock to Section 12J, as the bell tolls on the tax incentive

By Staff Writer

Many last-minute investors kept the Section 12J sector burning the midnight oil as the 28 February tax deadline drew near, with some fund managers recording a significant increase in capital raised. Treasury’s recent announcement that the incentive will not receive an extension was clearly a catalyst for many taxpayers to make the most of the opportunity for the penultimate time.
25 Feb 2021

Budget 2021: Treasury’s decision to cancel S12J investments 'throwing the baby out with the bathwater'

By Staff Writer

In the 2021 Budget Review tabled with Minister Mboweni’s budget speech yesterday, Treasury announced that Section 12J of the Income Tax Act will not be extended past its sunset date of 30 June 2021. Parliament is now faced with the decision whether to accept Treasury’s policy and not extend Section 12J, or take an alternative course of action.
24 Feb 2021

Section 12J did not sufficiently achieve its objectives, says NT

By Staff Writer

The sunset date for the venture capital company (VCC) incentive - Section 12J - which was initiated in 2009 to encourage retail investments in smaller businesses, will not be extended beyond 30 June 2021.

23 Feb 2021

Budget 2021: Will Section12J be extended?

By Staff Writer

Tito Mboweni will present the government’s 2021 budget on 24 February and investors and role-players in the Section 12J sector will be waiting with bated breath to hear if the tax incentive receives a well-deserved extension.
22 Feb 2021

Dividend pay-out for 12J investors

By Staff Writer

Anuva Investments, a registered Section 12J Venture Capital Company, has announced their interim results with a dividend payable to investors in their equity fund. Shareholders will receive 70 cents per share at a return of 4.1% as at 31 January 2021.

22 Feb 2021

Budget 2021: Will Treasury seek Section 12J extension?

By Staff Writer

Minister Mboweni’s Wednesday Budget and Budget Review will be closely scrutinised by investors looking to grow the South African economy and create local jobs.
19 Feb 2021

Benefiting from SA’s backbone sectors with section 12J investments

By Staff Writer

The South African government’s roll-out of a large infrastructure plan, which includes a sharp focus on increasing renewable energy generation and investment in agriculture, will create a huge demand for capital. Renier de Wit, an investment specialist, argues that Section 12J venture capital companies can play a leading role in providing much-needed investment to prompt economic growth in these sectors in South Africa.
12 Feb 2021

A simple way for expats to reduce their SA income tax liability

By Staff Writer

Recent amendments to South Africa’s tax legislation will require taxpayers who are working offshore to pay income tax on that portion of their overseas salary that exceeds the R1.25 million per annum threshold. The choice facing expat salary earners is clear: You can either pay over your additional dues to the revenue services or you can find a way to reduce your tax liability. One solution is to invest in an approved Section 12J investment.