We’ve created what we believe is the lowest risk vehicle for investing in junior miners.— Gaurav Nair, JSS Empowerment Mining Fund
Next month marks the launch of the JSS Empowerment Mining Fund.
The fund will invest in South African junior mines which have completed exploration and licensing.
Some key facts about this fund:
100% of investments in the Fund is deductible from the taxable income of any South African (up to 41% tax relief).
70% of the investment qualifies for B-BBEE spend every year while the investment is held.
The Fund targets a return of CPI + 10% per year (up to CPI + 20% per year after tax benefits)
- Construction, mining and processing company Stefanutti will provide contract mining and processing services as well guarantees against mining production volumes and processing quality. This will greatly reduce the risks associated with junior miners.
The Money Show’s Bruce Whitfield interviewed JSS Empowerment Mining Fund Managing Director Gaurav Nair.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
We’re regulated by the FSB and Sars.— Gaurav Nair, JSS Empowerment Mining Fund
The minimum investment is R5 million.— Gaurav Nair, JSS Empowerment Mining Fund
To get the tax benefit you have to hold the investment for at least five years.— Gaurav Nair, JSS Empowerment Mining Fund
Part of our mandate is to invest in black-owned companies.— Gaurav Nair, JSS Empowerment Mining Fund
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
Workers downed tools last week amidst reports of damage possibly resulting in load shedding. EWN’s Gia Nicolaides reports...
The Money Show’s Bruce Whitfield interviews Strata Legal (Pty) Ltd Director Brandon Irsigler.
Ad expert Andy Rice slams what he calls “MTN and Vodacom’s childish fight as to which one has the better network”.
The Money Show’s Bruce Whitfield interviews Lee Kasumba, who is in Addis Ababa, Ethiopia’s booming capital city.
Galileo Capital Financial Advisor Warren Ingram on "good debt", "bad debt", "neutral debt" and consolidation your debts into one.
In the first episode of Solutionist Thinking with RMB, Bruce Whitfield speaks with author, businessman and trailblazer Reuel Khoza.
Johannesburg father, Chris says he had just come back from work when he walked in on an employee raping his 17 year old daughter.
Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.
A trending Twitter debate has left social media users arguing over whether Winnie the Pooh is a girl or boy.
Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.
Anger is a strong and natural emotion that everyone experiences every now and again. Here's how to manage your reactions.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?