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

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Article brought to us by Old Mutual.


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