We proudly carry the flag as the pioneers of Section 12J

We're not going anywhere. We’re going to be here until exit time, with our heads down focusing on delivering investors the returns that were promised.
Jeff Miller
CEO & Co-founder

NOW THAT 12J IS OVER

What’s next for your 12J fund?

Although the sunset clause was effective as of 30 June 2021, we continue to manage and administer our 12J portfolio.

We are constantly pursuing opportunities to create value and liquidity for shareholders. We envisage that in the medium term we will see a number of 12J funds with like-minded mandates, amalgamate their funds to create scale and list on the JSE AltX. We have geared up for this taking place.

Do you have an existing 12J fund and looking for a new administrator?

1

The largest administrator of 12J

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Experience across many sectors

3

We proudly carry the flag of conceptualising a series of firsts in the industry

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The experts of 12J in compliance, administration and reporting

Why GROVEST?

The pioneers of Section 12J

Grovest was established on the premise of fostering entrepreneurship in South Africa and supporting Government initiatives to stimulate the private sector and local economy.

Pioneering Alternative Assets in South Africa

The journey began with Section 12J which became the fastest growing alternative asset class in South Africa, but our story continues to evolve.

Track Record

In 2014, we proudly operationalised the first Section 12J Venture Capital Company in South Africa. Today, we are the largest Section 12J administrator in South Africa, administering more than 30 VCCs, with assets under administration iof R3.5 billion.

Turnkey solution

The sun may have set on Section 12J, but we remain on the journey with our clients in administering their funds and providing corporate advisory and administrative services, including ongoing compliance, governance and reporting.

Team

We have an experienced and diversified team across various disciplines including financial modeling, reporting, legal advisory, statutory, accounting, compliance and licensing frameworks.

INVESTED in 12J

Promoted funds

We are promoters of six Section 12J funds. Read more about the success of these funds, and explore those still open for investment.

Raised R80m as of June 2021.

Luxury tented lodge, located inside the Kruger Park. Best practice investment with AA+ ESG rating. Investors receive an annual allocation of bed nights until 2029.

An Authorised Financial Services Provider. Mdluli Safari Lodge Ltd FSP Number 47882.

Raised R622.7m as of June 2021. Closed to further investments.

5-star Cape Town hotel, with only 5% cash outlay. Every R1m secures 6 free room nights per year. Guaranteed returns.

An Authorised Financial Services Provider. Pepperclub Hotel Investments Limited FSP Number 48851.

Raised R232.8m as of June 2021.

The first portfolio of funds. A moderate risk, diversified investment.

An Authorised Financial Services Provider. Metta Capital Proprietary Limited FSP Number 48601.

Raised R11.6m as of June 2021. Open for investment.

South Africa’s first cannabis fund, with an expert team who are unlocking the power of this transformative plant through their whole-of-ecosystem approach, ensuring investors capital is where the opportunities are.

An Authorised Financial Services Provider. Silverleaf Investments Ltd FSP Number 49754.

Raised R12.9m as of June 2021. Open for investment.

Rencell Solar is for the investor looking for a covid and recession resistant solar investment.

An Authorised Financial Services Provider. Rencell Limited T/A Rencell Solar FSCA Number 47737.

Raised R67.8m as of June 2021. Open for investment.

For the risk averse investor looking for stable returns on asset-backed investments.

An Authorised Financial Services Provider. Sunstone Capital Limited FSP Number 48870.

We were the catalysts and made Section 12J happen in South Africa, and we acknowledge our responsibility to those who have invested in Section 12J and we will stay the journey with them. The assets and their money will be prudently and properly managed and reported on.
Malcolm Segal
Non-Executive Chairman and Co-founder

Perspectives in Action

12J tools and content

The pioneers of Section 12J reflecting

With over R12 billion invested in Section 12J, people have become more aware of alternative...

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With 12J coming to an end, this is where the focus is

“Customer first.” Jeff Miller, Grovest’s CEO & Co-founder, and Malcolm Segal Grovest’s, Co-founder & Non-Executive...

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Should you invest into 12J or send your money off-shore?

An individual can only invest R2.5 million into a Section 12J venture capital company in...

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“Diversification is the fundamental building block of any investor’s portfolio”

If one looks at the investment landscape and how it has evolved, the opportunities are...

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Thought leadership

Our industry is at a crossroad. With just months to go before Treasury makes the...

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Section 12J is transforming South Africa’s investment landscape

Darryn Faulds, Fund Manager of Mdluli Safari Lodge & Metta Capital, unpacks a ground-breaking disruption to...

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Finance alternatives – 12J lessening the COVID-load

Finance Alternatives: Sunstone Capital & Decentral Energy Fund Manager, Avi Gordon addresses how Section 12J is...

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SA’s top Section 12J funds – Grovest 12J Summit

Grovest Investor Summit to showcase leading Section 12J offerings.

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Get in touch

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