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
Bruce Whitfield interviews Darryl Erasmus, Chief Quality Assurance Officer at the Tourism Grading Council of South Africa.
Bruce Whitfield interviews Colin Coleman (MD, Goldman Sachs Sub Saharan Africa) and Busisiwe Mavuso (COO, Business Leadership SA).
Data shows that almost everyone sucks at investing, says Warren Ingram. Here's how to avoid shooting yourself in the foot.
Sibayeni Small Business Incubation Centre needs help to help 36 small businesses grow.
Bruce Whitfield interviews Siya Ntutela of Zande, a platform that allows small retailers to apply for credit and make payments.
Should you keep them "forever"? Tax expert Chris Sloane on the requirement to keep tax records available for inspection by Sars.
Got R50? No? Got R5? Personal finance expert Warren Ingram on how to buy shares with tiny amounts of money.
Senior client officer at Ipsos, Mari Harris says President Cyril Ramaphosa's trust index is higher than other leaders.
Hassan won an international peace prize for her role in Fees Must Fall campaign. She spoke about the student movement and more.
An expert on human trafficking explains how the syndicate operates and how women are lured into dens.
Commission says investigation into food and agro processing companies is important because of high levels of inequality in SA.
Basic Education Minister Angie Motshekga has called South Africa's education system a "national catastrophe" and a "crisis".