In recent years the SA government identified small and medium-sized entities (SMEs) as a major contributor to future economic growth. One of the main challenges to the economic growth of SMEs is access to equity finance.
To assist these sectors in terms of equity finance, in 2009, the SA government (through the SA Revenue Services or Sars) implemented a tax incentive for investors in these enterprises through a Venture Capital Company (VCC) regime known as Section 12J.
For investors with a higher risk appetite, or who have maxed out their retirement annuity, pension fund and tax free savings account contributions, a Section 12J […]
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