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Investors flock to Section 12J, as the bell tolls on the tax incentive cbn.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbn.co.za Daily Mail and Mail on Sunday newspapers.
Investment Insight: Dividend pay-out for 12J investors By Opinion Share 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. According to the company’s Chief Financial Officer, James Rothmann, the fund has performed extremely well, considering the current financial climate. “Anuva’s Class A equity investments have faced considerable challenges through the lockdown and Covid-19 crisis, yet we are pleased to report that these companies continue to ride out the storm and are trading upwards and in the right direction. We are deeply appreciative of the managers of these businesses and the guidance of the Investment Committee,” he said. ....
1 month ago 3 min read Share with your network! Cape Town’s new apartment and mixed-use property development The Harri is selling off the last of its 48 studios and lofts to South Africans wanting to put their tax liability to good use by investing in a Section 12J tax investment scheme. Partnered with Anuva Investments Limited, a registered venture-capital company and financial-services provider, The Harri’s Section 12J Flyt Select Fund allows local buyers at the highest marginal tax rate of 45% to deduct from their tax liability the full amount of a new unit in the Harrington Street development in Cape Town’s East City Precinct. Only 12 of the 48 units remain unsold, priced between R1,399,995 (studio) and R2,699,995 (loft). ....
Section 12J - are we myth-ing the point? By Supplied Share Typically the adage about something being ‘too good to be true’ serves as a solid guide, especially in a world full of myths and conspiracy theories, Ponzi deals, pyramid schemes and promises of the ‘next big thing. As such investors are - rightfully so - reluctant to participate in ‘alternative’ investments but for those in the know, in financial circles, myths aside, the Section 12J tax incentive is proving to not only be an excellent investment opportunity, but as we near closer to our annual tax year-end, it’s clearly gaining popularity as a well-informed solution to a heavy tax burden. ....