Monthly Archives
March 2019
westbrooke 2019 section 12j funds raise R750m+ to stimulate SA economy and create jobs
Dino Zuccollo, S12J fund manager at Westbrooke Alternative Asset Management who is a founding member of the S12J Association of South Africa says, “We see increased growth each year from our now more than 700 passive investors. We raised R420m in 2016, R470m in 2017, R565m in 2018, of which over R900m has been invested into small/medium sized business across South Africa. We are very pleased with our 2019 raise of more than R750m. Our 2019 fundraise was in line with our targets and we were able to solidify our position as South Africa’s largest S12J asset manager. This highlights investors’ growing interest in this asset class and confirms that National Treasury’s intention to encourage investment in the SA economy and to stimulate job creation is on track.”
3 March 2019
