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| "...qualifying investors in CARBIDE will be entitled to deduct from their taxable income their full investment in CARBIDE."
Subject to “The provisions of the Income Tax Act No. 58 of 1962 (The Act).” and “The Legislation promulgated for the deductions in respect of expenditure incurred in exchange for the issue of venture capital company shares [as] is contained in Section 12J of the Act.”, qualifying investors will be entitled to write off up to
100% of their capital investment in CARBIDE against taxable income in the tax
year in which they make the investment.
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WELCOME TO CARBIDE VC 1
CARBIDE aims to identify and invest
in a diversified portfolio of small to medium size companies where there exists
a realisable prospect that, through appropriate capital and management support
(or intervention if required), selected
companies should generate returns between 1.5 and 3 times risk capital
invested.
The primary focus of
CARBIDE would be companies that fall into the category referred to in Germany
as "Mittelstand”. These companies are the backbone of the German economy. They
are mature revenue generating, focused, independent enterprises that
manufacture or create and export their products or are essential suppliers to
larger industries. They have the capacity to benefit from cutting edge
technology and are employers and developers of skilled artisans.
(Incorporated
in the Republic of South Africa) (Registration No.2013/101770/06) (FSP License No.44821)(SARS Reference No. VCC-0004)
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