Insights Report: The Art of raising capital Raising capital is one of the most important tasks faced by any Fund Manager. Administered... Read more
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... Read more
It’s not often that retail investors can achieve such high returns with low to moderate risk exposure. The tax saving benefits, the high bi-annual cash distributions, and the underpinning of tangible assets are the cherry on the top! Jeff Miller CEO & Co-founder What is Twelve B Green Energy Fund? The first private equity fund that entitles taxpayers (individuals, trusts, companies, pension funds) to invest in a portfolio of renewable energy-producing assets, and benefit from the SARS-approved enhanced 125% Section 12BA tax allowance. As an investor, these are your expected returns: Targeted Internal Rate of Return (IRR): ≈ 18%+ (net of fees and taxes on risk capital) Average annual yield: 14.22% p.a. on your investment amountAverage annual yield: 32.51% p.a on risk capital investedBi-annual income distribution REQUEST INFORMATION PACK Previous Next Section 12BA of the Income Tax Act No. 58 of 1962 allows for a tax deduction in respect of certain qualifying assets (owned and brought into use after 1 January 2016) to reduce the taxable income of the taxpayer. These qualifying assets must be used for purposes of trade in the generation of electricity from renewable sources – SARSFor the period 1 March 2023 to 28 February 2025, the Section 12B allowance has been increased from 100% to 125% and no maximum cap on the output of the solar installation. 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 of 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. LEARN MORE ABOUT GROVEST Featured articles: Previous Next Perspectives in Action Twelve B content Explore our content hub Twelve B Green Energy Fund 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... Learn more Twelve B Green Energy Fund Tax breaks for renewable energy investment, rooftop solar South Africa’s finance minister, Enoch Godongwana, announced two tax measures aimed at boosting investment... Learn more Twelve B Green Energy Fund 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... Learn more Twelve B Green Energy Fund Rooftop solar tax breaks for South Africa — what to expect Finance minister Enoch Godongwana is set to deliver South Africa’s budget speech on Wednesday, 22... Learn more Twelve B Green Energy Fund South Africans can now get tax breaks for investing in renewable energy South Africa’s first private equity fund which allows green energy investors to qualify for... Learn more Twelve B Green Energy Fund Union seeks to overturn state of disaster to deal with energy crisis Labour union Solidarity appealed to a court to overturn the state of disaster declared by... Learn more Twelve B Green Energy Fund New green energy fund offers investors huge tax break benefits Listen to the full podcast here. President Cyril Ramaphosa announced during his State of the... Learn more Twelve B Green Energy Fund New solar investment fund launches in South Africa with a 100% tax break – but there’s a catch A new solar and renewable energy fund is launching in South Africa, offering investors a 100... Learn more Get in touch Name* First Last Email* Contact Number*Company Meeting request Request meeting What are you interested in?* Investing in Twelve B Green Energy Fund Private equity (small cap) Private equity (large cap) Corporate finance Which best describes you?IndividualCompanyFinancial Advisor/Wealth ManagerProspective EPC/PPA PartnerRequest Info Pack Request Info Pack Sign up to our newsletterIndustry & fund news relevant to you. Served sunny side up. No spam ever. Yes, sign me up! Privacy Statement* I agree to the privacy statement Looking for a new 12J fund administrator? Are you looking for guidance, attention, visibility and confidence in the success of your 12J fund? Let's chatGrovestGoGettaRencell