Section 12J’s sunset clause becomes official at the end of June 2021, marking the end of this successful tax incentive in SA.
Since 2008, Section 12J has been part of SA’s Income Tax Act and provided investors with an immediate tax deduction equal to 100% of the amount they have invested. In turn, about R10.34bn has found its way via the Section 12J initiative into smaller businesses, creating between 9,000 and 10,500 jobs.
The end may be near for 12J, but there is still one last chance for investors to get involved, and there’s no better way to do this than via SA’s first and only Section 12J portfolio of funds provider.
Launched in 2017, Metta Capital has acted as a respected, independent aggregator in the Section 12J asset class, bringing to market four Section 12J portfolios to date.
Metta Capital’s investment committee, chaired by Dr Adrian Saville, compiles and weights diversified portfolios of Section 12J Funds. This offering has allowed investors single-entry point access into a portfolio of market-leading Section 12J investment strategies while charging no additional fees to the investor for the use of its platform.