Managing your startup capital

Becoming an entrepreneur is not as easy as waking up with an idea and having money thrown at you to turn it into a reality. Most successful entrepreneurs share the same sentiments – it takes many rejections and disappointments, and plenty of restarts. There are two things this article will explore; how to get startup […]

VENTURE CAPITAL COMPANIES – GETTING A TAX DEDUCTION FOR INVESTING

In a bid to encourage financial support for entrepreneurs (or so-called ‘angel investing’), National Treasury introduced section 12J of the Income Tax Act, 58 of 1962. Effectively, section 12J allows as a deduction for income tax purposes any investment by a taxpayer in the shares of a venture capital company (‘VCC’). In other words, taxpayers […]