METTA Capital aims to raise R200 million for its first-of-a-kind, Section 12J portfolio of funds over the next month.
Moneyweb
26 January 2018
MCP-Snapshot

There has been growing interest in Section 12J companies, particularly over the course of the past year as high-income earners have tried to reduce their tax burden and various new funds have come to market. The tax incentive allows taxpayers to deduct the full amount invested in a qualifying Section 12J Venture Capital Company from their taxable income. The tax deduction is only recouped if they don’t remain invested for five years.

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