President Cyril Ramaphosa is on a mission to secure R1.4 trillion in foreign direct investments for South Africa.
Next week Thursday a three-day investment summit kicks off, aimed at reaching Ramaphosa’s target.
Ramaphosa is missing a trick and should look closer to home where R1 trillion is sitting idly on company balance sheets, argues Darryn Faulds, a fund manager at Grovest Group.
Faulds points to Section 12J investments as a pathway to unleash this capital.
The Income Tax Act allows investors into Section 12J compliant Small-to-Medium Enterprises to deduct 100% of their investments from their taxable income.
Potentially, for those in the top tax bracket, it could slash your tax bill by 45%.
Listen to the interview in the audio below.
Enjoy The Money Show, but miss it sometimes?
Get the best bits emailed to you daily, right after it ends:
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield asks Peter Armitage (CEO at Anchor Capital) for his stock picks of the week.
Can you afford to leave South Africa? Certified Financial Planner (CFP) Barry O'Mahony on what to consider before deciding.
Edgar Mafoko (Portfolio Manager at FNB Wealth and Investments) shares his stock picks of the week on The Money Show.
Devin Shutte (Head of Investments at The Robert Group) shares his stock picks of the week with Bruce Whitfield on The Money Show.
Personal finance expert Warren Ingram (Galileo Capital) on how to raise financially free children.
Want to pay less tax, and make some money? Pavlo Phitidis discusses Section 12J of the Income Tax Act.
Wendy Knowler, consumer journalist, on Nedbank's early debit orders.
Individual tax payers are actually better off as a result of Budget 2020.
A billionaire asset fund manager has told global CEO’s to focus on climate change.
The Money Show asked three economists for their views on the pros and cons of Budget 2020.
Nair was charged with two counts of misconduct in November last year following a preliminary investigation by the ministry.
CEO Steven Roux says they identified that there is a significant number of children who are not getting access to good creches.
The former SA chairperson was giving evidence in the delinquency case brought by Outa and the SA Pilots Association
Economist Dr Sean Miller says Eskom is a national problem and it is going to need to be bailed out.
The documents that underpin Finance Minister Tito Mboweni's annual Budget Speech paint a picture of an economy in a serious crunch.
Relief for taxpayers will come through above-inflation increases in all tax brackets and will be welcome news, although excise duties on alcohol and tobacco go up along with a 25 cent a litre increase in fuel levies.