Monthly Archives
July 2019
industry body responds to the draft section 12J changes
Last week, the 2019 Draft Taxation Laws Amendment Bill (TLAB) was released and contains proposed amendments to certain elements to the Section 12J tax incentive. The major proposed TLAB amendment reintroduces a limitation on the amount an investor can deduct from taxable income in respect of a particular year of assessment. It has been proposed that the tax deduction for an investment in a Section 12J company be limited to R2.5 million per investor per annum effective from 21 July 2019.
31 July 2019
westbrooke yield plus partners with the firmament group to provide a €10m refinance and growth capital facility to pearl & dean cinemas and wide eye media
London (16 July 2019): Westbrooke Alternative Asset Management UK Limited (“Westbrooke”) and the Firmament Group (“Firmament”) are pleased to announce the closing of a €10m refinance and growth capital facility (the “Facility”) to Pearl and Dean Cinemas (“P&D”) and its sister company Wide Eye Media (“WEM”).
16 July 2019
