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
Donald Trump sounds just like H.F. Verwoerd in award-winning Apartheid Museum ad

Donald Trump sounds just like H.F. Verwoerd in award-winning Apartheid Museum ad

This Loerie Award-winning advert for the Apartheid Museum will make your blood boil.

Shoprite sales up, but earnings unexpectedly fall on Angola currency devaluation

Shoprite sales up, but earnings unexpectedly fall on Angola currency devaluation

The Money Show’s Bruce Whitfield interviews Pieter Engelbrecht, CEO of Africa’s largest retailer.

Nigeria is, as you know, all about oil. It’s also about ‘palm oil’

Nigeria is, as you know, all about oil. It’s also about ‘palm oil’

Bruce Whitfield speaks to Africa Connected correspondent Lee Kasumba on the phone from Port Harcourt in Nigeria’s Rivers State.

Pieter-Dirk Uys gets serious about money (‘Evita is my pension!’)

Pieter-Dirk Uys gets serious about money (‘Evita is my pension!’)

The Money Show’s Bruce Whitfield interviews Uys about his attitude toward money (hopes and fears, successes and failures, etc.).

 ‘Port Harcourt is the capital of oil and gas in Nigeria’

‘Port Harcourt is the capital of oil and gas in Nigeria’

Bruce Whitfield interviews Lee Kasumba, who is on a fact-finding mission in Port Harcourt in Nigeria’s oil-rich Rivers State.

Each year rich countries waste as much food as sub-Saharan Africa produces

Each year rich countries waste as much food as sub-Saharan Africa produces

We waste a third of all food produced. If we avoid 25% of that wastage, it could feed 870 million hungry mouths.

Popular articles
Stealthing: a form of rape, says Dr Tlaleng

Stealthing: a form of rape, says Dr Tlaleng

'Stealthing' is the act of discreetly removing the condom without the knowledge or consent of the other party during sex.

Afroworld View employees left jobless, as DStv shuts it down

Afroworld View employees left jobless, as DStv shuts it down

CWU says 350 workers from Afroworld View will be paid at the end of the month even though the channel has closed.

[WATCH] Guy gives girlfriend the hood from his jacket but keeps coat for himself

[WATCH] Guy gives girlfriend the hood from his jacket but keeps coat for himself

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

Two young boys go the extra mile to get a sick dog to a vet with just R7

Two young boys go the extra mile to get a sick dog to a vet with just R7

Peter and Jerry gave up their last R7 to get a sick community dog (Lady) to an Animal Welfare shelter for medical attention.