Many taxpayers are reluctant to enter into Section 12J transactions as they are uncertain how the South African Revenue Service (SARS) will view, and ultimately tax, the income derived from these transactions. Optomise has obtained unique private binding rulings relating to S12J investment compliance. These rulings have provided us with clarity, consistency and certainty about the interpretation and application of the relevant tax laws.
Our fund is licensed by the Financial Sector Conduct Authority (FSCA) and we utilise an FSB-approved compliance officer.
What differentiates Optomise from other traditional funds is that we have reversed the venture capital funding model. Prior to raising capital, Optomise identifies qualifying S12J projects and then go to the market to raise the funding. This results in an immediate deployment of capital into projects and thus eliminates “lazy money” sitting in the fund.