Next Gen of 12J Investment conceptualised and brought to you from the pioneers of 12J. 

A single entry point to gain exposure to a portfolio of 12J companies 

Targeted  moderate risk Portfolio of  Funds incorporating the tax benefits of Section 12J of the Income Tax Act

Targeted blended return of 16% IRR net of fees and taxes 

Metta Capital Moderate Risk Portfolio 1
("MCP 1")

MANDATE of MCP1

Venture Capital Management Services Proprietary Limited (VCMS), a member of the Grovest Group, the pioneers of Section 12J in South Africa,  is proud to introduce an innovative “ portfolio of funds ” single entry point structure for investors to gain exposure to a select and diversified portfolio of Section 12J companies.

Targeted Returns

16% IRR

Dividend Yield:

Blended 5%- 8% p.a on gross capital invested 

Dividend Return:

Bi- annual from 1 March 2019

THE BOARD

MICHAEL SOLOMON TEKE

Non - Executive Chairman

NICHOLAS DENNIS

Non-Executive Director

MALCOLM SEGAL

Non-Executive Director

JEFFREY WAYNE MILLER

Non-Executive Director

DR. ADRIAN SAVILLE

Independent Non-Executive Director and Chairman of the Investment Committee

DOUGLAS RAYMOND SMOLLAN

Non-Executive Director

THE BOARD

MICHAEL SOLOMON TEKE

Non - Executive Chairman

NICHOLAS DENNIS

Non-Executive Director

MALCOLM SEGAL

Non-Executive Director

JEFFREY WAYNE MILLER

Non-Executive Director

DR. ADRIAN SAVILLE

Independent Non-Executive Director and Chairman of the Investment Committee

DOUGLAS RAYMOND SMOLLAN

Non-Executive Director

OUR VISION

MCM has pioneered a single-entry point structure for Investors to gain exposure to a selected and diverse portfolio of Venture Capital Companies and fund managers. This innovative structure provides Investors the opportunity to diversify their investment whilst still benefiting from the Section 12J tax deduction.

Section 12J industry Overview

Section 12J legislation was introduced via SARS to encourage investment into the SMME and junior mining exploration industries. In 2015, SARS amended the existing Section 12J legislation which made it far more appealing to Investors. These amendments included unlimited investment amount into Section 12J companies by investors and investments of up to R50,000,000 (fifty million) in Qualifying Companies by a VCC, with a sunset clause of 2021. As at January 2018, approximately 86 (eighty six) registered VCC’s have been registered with an estimated R1,800,000,000 (one billion and eight hundred million rand) having been invested, with an estimated further R2,000,000 (two million rand) to be invested in the asset class by February 2018.