Section 12J of the Income Tax Act has become a popular tax break / incentive for tax-savvy individuals looking to invest in high-growth technology businesses. With over R4bn having been raised in the last 2 years, it has proven a catalyst for the local technology sector.
But how does it work and what kind of businesses are being invested in?
Jeff Miller from Grovest was recently hosted by the CliffCentral team to explain how Section 12J works and what investors need to understand if they are interested in 12J as a tool:
