[Webinar] Twelve B Green Energy Fund Lunch
Investors in Grovest’s Twelve B Green Energy Fund are well on track to claim their 125% tax deduction in the current tax year. – Finance Ghost
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[Webinar] How Wealth Managers Can Help Their Clients Benefit from the 125% tax deduction.
Scoring a big tax break from green energy
It’s possible: not just R15,000 from your home solar installation, but 125% in tax back on an investment into a new green energy fund Investors who mourned the demise of the section 12J tax incentive — which was stopped in June 2021 — now have another, arguably better option for an upfront tax break: a […]
With alternative energy solutions in high demand, can SA’s greentech startups seize the opportunity?
As South Africa’s national power provider Eskom goes through its seemingly never-ending challenges which have plunged the country into literal darkness, the demand for alternative energy sources is surging [pdf]. In December 2021, energy minister, Gwede Mantashe, stated that the South African government had allocated $2.8 billion in contracts for 25 renewable energy projects to the private sector to […]
Enoch achieves a business-friendly Budget but government must act now to protect consumers’ pockets and jobs
Minister of Finance Enoch Godongwana has managed to tread the fine line with his 2023 Budget Speech, delivering on a business-friendly Budget that provides relief and paves the way for economic recovery, amid an even more challenging economic and socio-economic environment than previous iterations. His macro-economic aggregates are very much in line with what other economists expected – weak economic growth, […]
Solar tax incentives get cloudy reception
While the renewable energy industry is optimistic that the solar tax incentives announced in Finance Minister Enoch Godongwana’s Budget speech would stimulate the industry, there were concerns that photovoltaic equipment was targeted at the high-income sector of the population and not catering lower down. From March 1, 2023, businesses will be able to reduce their taxable […]
Tax breaks for renewable energy investment, rooftop solar
South Africa’s finance minister, Enoch Godongwana, announced two tax measures aimed at boosting investment in renewable energy and increasing electricity generation amidst the ongoing power cuts in the country. In his budget speech, Godongwana said businesses will be able to reduce their taxable income by 125% of the cost of an investment in renewables, with no […]
The benefits of Grovest’s Twelve B Green Energy Fund
CEO Jeff Miller explains that the fund has no lock-in period or investment maximum, and is available to individuals, trust companies, pension- and provident funds. Listen to this podcast on iono.fm here. SIMON BROWN: I’m chatting with Jeff Miller, founder of the Twelve B Green Energy Fund. Jeff, I appreciate the time today. You and I have […]
Solar power tax break fund launched by private equity firm
The Twelve B Green Energy Fund – South Africa’s first private equity fund enabling green energy investors to qualify for South African Revenue Service-approved tax deductions – was launched on February 14. The fund, regulated by the Financial Sector Conduct Authority, has a mandate to invest in solar panels, inverters and batteries in residential complexes, as well as commercial and industrial installations. Section 12B of the Income […]