New fund allows 100% tax deduction for investing in “junior” mining companies

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

Click here (then“like” the page) to follow Bruce on Facebook.

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.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


Recommended

by NEWSROOM AI
Read More
'If you grow up with nothing, you want to look rich too soon'

'If you grow up with nothing, you want to look rich too soon'

Bruce Whitfield interviews Joe Public’s Pepe Marais about his attitude to money (hopes and fears, successes and failures, etc.).

3 best JSE shares to buy, right now (according to Small Talk Daily)

3 best JSE shares to buy, right now (according to Small Talk Daily)

Analyst Anthony Clark shares his stock picks of the week on Bruce Whitfield’s The Money Show.

'Getting people out of their homes and into a restaurant is challenging'

'Getting people out of their homes and into a restaurant is challenging'

Spur Corporation says it has experienced some pressure as customer spend is limited due to a slowing economy.

Small business owner, nobody will save you!

Small business owner, nobody will save you!

There are no shortcuts. Beware of "White Knights and Silver Bullets", warns Aurik Business Accelerator founder Pavlo Phitidis.

10 unexpected things that most truly rich people have in common

10 unexpected things that most truly rich people have in common

Personal finance expert Warren Ingram on the money values that those "worth" R40 million or more almost invariably have in common.

Jeremy Mansfield gets real about his money and beliefs about it

Jeremy Mansfield gets real about his money and beliefs about it

Bruce Whitfield interviews Jeremy Mansfield about his attitude to money (hopes and fears, successes and failures, etc.).

Popular articles
Solidarity: private Afrikaans-medium college will be based on language, not race

Solidarity: private Afrikaans-medium college will be based on language, not race

Solidarity's Connie Mulder clarifies the intent behind their Afrikaans-medium college and says it's time for SA to get over race.

Safety tips for homeowners - New crime trends identified

Safety tips for homeowners - New crime trends identified

Dialdirect's Maanda Tshifularo says burglars have extended their workweek to start on Thursdays and entry points have shifted.

'My child went to an Afrikaans school'  Panyaza Lesufi says not 'anti-Afrikaans'

'My child went to an Afrikaans school' Panyaza Lesufi says not 'anti-Afrikaans'

Lesufi has been responding to the building of a new Afrikaans university in Pretoria by trade union Solidarity.

Panyaza Lesufi takes a swipe at private Afrikaans university under construction

Panyaza Lesufi takes a swipe at private Afrikaans university under construction

Gauteng Education MEC says there is no room in a non-racial South Africa for reminders of apartheid.

[WATCH] Man and woman assaulting a motorist goes viral, for the wrong reasons

[WATCH] Man and woman assaulting a motorist goes viral, for the wrong reasons

Khabazela shares tweets and Facebook posts that have gone viral.