AKRAMPEER INVESTMENTS (PTY) LTD
FUND MANAGERS OF AP GLOBAL INVESTMENTS LTD A SECTION 12J VENTURE CAPITAL COMPANY (VCC)
AP Global Investments Ltd (”AP Global”) was founded to enable investors (SA taxpayers) to acquire a shareholding in a Section 12J Venture Capital Company (’VCC”). An investment which provides investors with exposure to a variety of potentially high yielding and socially responsible investments.
AP Global offers investors a unique investment opportunity in the hospitality industry. The investment into AP Global VCC is 100% tax-deductible from an investor’s taxable income in the tax year in which the investment is made. This further enhances the expected returns for investors.
AP Global VCC will provide investors with the opportunity to invest in a portfolio of investments. Majority of the investment portfolio will be targeted in the South African hospitality industry (safari lodges), whilst 20% of the investment portfolio may be invested in opportunistic investments.
According to Stats SA October 2017, 96,9% of all tourists entering South Africa enter the country for the purpose of enjoying a holiday.
Tingana Hospitality Group (Pty) Ltd is majority-owned and managed by the directors of the VCC.
In partnership with the Tingana Hospitality Group, strategic locations in and around the Kruger National Park have been acquired and in the process of being acquired in order to develop luxury safari lodges.
Tingana Hospitality Group has established its own safari lodges and are in the process of further investment in new luxury safari lodges.
Due to huge demand for opportunities to invest in the hospitality industry, the directors have decided to invite prospective investors, through the investment vehicle of AP Global VCC, to partner with Tingana Hospitality Group in acquiring and developing luxury safari lodges.
To ensure the smooth and efficient running of the operations, Tingana Hospitality Group has appointed the reputable hospitality management group, Bon Hotels, to manage and operate its current and future safari lodges in line with international standards.
In 2008/2009, National treasury introduced Section 12J legislation, with the purpose of stimulating investment in local SMEs (Limited to R2.5 million per year of assessment).
Any investment made into a qualifying Venture Capital Company is 100% deductible from taxable income in the tax year of the investment.
The incentive affords investors a tax break of up to 45%, which will depend on the individual or entity investing. Kindly consult your preferred adviser.
The incentive applies to SA taxpayers, which consists of companies, trusts and individuals.
Companies are allowed unlimited investment into qualifying VCCs, limited to annual SARS prescribed tax deduction.
Individuals can enjoy a tax deduction limited to their taxable income and annual SARS prescribed tax deductions. (Refer to investment summary)
- There is a minimum investment of R100 000.
- The investor is entitled to claim a 100% Section 12J tax deduction.
- Investors are required to hold the investment for a minimum period of five years in terms of Section 12J.
- The company expects to pay the targeted dividends bi-annually
FEES & notes
Akrampeer Investments (Pty) Ltd, as fund managers, will be paid a once-off capital raising fee of 2.5% (two and a half percent) of the funds raised (excluding VAT), as well as an annual fee of 2% (two percent) calculated on total capital under management (excluding VAT).
TERMS & CONDITIONS
The investment will be equity in nature and the investor will acquire shares in AP Global Investments Ltd, which is the SARS approved Venture Capital Company and can provide Section 12J benefit. For more details about the structure, please contact a representative of AP Global Investments Ltd.
All returns mentioned are estimates and past performance is not an indication of future performance.
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VENTURE CAPITAL COMPANY ADMINISTRATORS
Jaltech Structuring (“Jaltech”) is a market leader in the Section 12J space with a significant number of active funds under administration.
Jaltech is the administrative manager of AP Global and part of Jaltech’s administrative function is to undertake compliance assessments for the VCC.
OUR CORE VALUES
The contents of this document do not constitute and should not be construed as investment, tax, B-BBEE, legal, accounting and/or other advice. For advice on these matters, consult your preferred investment, tax, legal, accounting and/or other advisors about any information contained in this document.
AP Global Investments Ltd (Co Reg. No 2017/522784/06) is an authorised Financial Services Provider. FSP number 49240 and a SARS Approved Venture Capital Company – VCC – 0118