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Many South Africans are currently considering whether to reduce their February tax liability by taking advantage of the Section 12J tax deduction. For every R100 invested in a Section 12J company an investor (individuals, companies and trusts) can reduce their tax by up to R45 making the net investment only R55.

With the tax year end just more than a month away, there has been a growing marketing effort aimed at luring investors to Section 12J venture capital and private equity investments.
The Section 12J tax incentive is a government initiative aimed at assisting small and medium-sized businesses to access equity finance in the hope of creating jobs and boosting economic activity.

Westbrooke expands its February 2019 investment offerings.
Westbrooke’s student accommodation fund has raised R360m to date, and the second tranche of capital raising is underway.

As South Africans return to work in 2019, many will be considering whether to reduce their February tax liability by taking advantage of the Section 12J tax deduction. 

Finally, after many false starts, shareholder activism on the JSE may have come of age in 2018. While activism is commonplace in other markets especially the US the JSE has for the past few years had only sporadic bouts of corporate confrontation led by individuals like Theo Botha, Chris Logan and more recently the disarmingly astute Albie Cilliers.

Many firms are in good shape with healthy cash balances.

The small-cap index has fallen 14% this year, while the mid-cap index is down 11%. It doesn’t sound too bad until you consider that hardware, kitchen and sanitary ware supplier Dawn has fallen 99% this year, quick service food franchisor Taste has fallen 97% and Aveng and Group Five have seen their share prices massacred. On the other hand logistics provider Value Group is up 62.5% in the year to date.

A small group of Grand Parade shareholders succeeds in getting two out of four proposed directors appointed to the board.

Former judge of the Cape High Court, Alex Abercrombie has been a non-executive director of Grand Parade Investments for 21-years and he has no intention of taking efforts to remove him as a director lying down.

Consumer brand experts Mark Bowman and Ronel van Dijk have been brought on board as nonexecutive directors of GPI.

Next week’s AGM of embattled empowerment group Grand Parade Investments (GPI), which owns the master franchise for Burger King in SA, should be an intriguing affair after a group of shareholder activists, speaking for 12.5% of the company, appointed two new directors to the board on Wednesday night.

aking Stock – A BDTV interview with Westbrooke’s Jarred Winer Click here to watch

Monday, 26 November 2018: Section 12J season opens once more allowing South Africans to write off 100% of the investment against their taxable income. There are more than 100 registered Section 12J companies in South Africa and is estimated that the market has raised more than R3.6 billion in investments.