Anuva Investments11th Nov 2019
The most extraordinary investment opportunity
We multiply value for the investor and the country by combining extraordinary tax savings with carefully selected opportunities, while applying our tested methodology using Section 12J as a vehicle.
Anuva is a company regulated by the Financial Sector Conduct Authority and is registered with the South African Revenue Services as a ‘Venture Capital Company’ in terms of Section 12J of the Income Tax Act.
Anuva launch date | 15 January 2015
Jobs saved/created | 335
Fund size all classes | R265 221 478 as at 15/ 06/ 2019
Benchmarks | 6% dividends; 6 – 10% capital growth
8 Portfolio companies across all classes
How does 12J work?
All taxpayers are entitled to a 100% tax deduction on monies invested into the Section 12J opportunity, thereby achieving an immediate return of up to 45% for individuals and trusts, and 28% for companies, being the reduction in marginal taxes payable. This successful initiative has been set up by government and SARS to grow your investment into small and medium sized enterprises, as a way of stimulating the economy and creating jobs.
Section 12J specifically aims to help the growth of small and medium sized businesses by increasing their access to equity finance. To attract investors into this typically under-funded sector, which is imperative for driving economic growth, SARS has written Section 12J into the Tax Act, which offers taxpayers a 100% tax deduction in the year of investment if they invest in SMMEs by way of subscription of shares in a Section 12J Venture Capital Company in South Africa.
Our investment products
Anuva General Fund, The A Share Class
Anuva’s core objective is to partner with great companies that have potential for growth. Our team works with companies to achieve their full potential and to take them to the next level. Our track record demonstrates this.
We assist companies in our portfolio improve their competitive position by injecting capital into the business in addition to strategic management intervention if required. This supports expansion into new products and competitive landscapes, growing operations and strengthening productivity.
Benchmarks | 6% Dividends | 6-10% Capital Growth.
By combining these successes with the Section 12J tax savings and following a diversified investment approach, our investors have achieved remarkable returns over the past four years.
We endeavour to continue building a portfolio of companies that have created/saved jobs, are socially responsible and deliver robust returns to our investors with a viable exit strategy.
We have invested in 4 Qualifying Companies: MasterCare, MasterCare Enterprises, NuMobile and Cape Mohair.
Anuva has acquired a 69% stake in Mastercare (formerly known as Wilenri Appliance Services (Pty) LTD), the only national electronic appliance repair business. This company has a solid base of contracted annuity income. Mastercare reported a profit of R65 425 378 (2015: R305 719) for the year ended 29 February 2016. The extraordinary results were due to the compromise of creditor claims and realisation of a substantial tax loss.
Mastercare Enterprises is a newly established business with the aim of meeting the demand for medical orthopaedic and prosthetic products in South Africa.
They have sourced and developed a range of high quality tailored products and becoming a preferred supplier is their mission. They are specialists in Orthopaedic Bracing, Bespoke Manufacturing, Prosthetic Suspension Technology , Rehab/Therapy Products, Compression/Support Garments, Icing & Recovery Products and Foot Orthotic Technology.
Anuva has recently acquired a 46% stake in Cape Mohair LTD. Cape Mohair manufactures and supplies medical, fashion and sport socks, specialising in the use of the Mohair and bamboo fibre, to the local and export market. Anuva Investments and Cape Mohair deal with producers that are aligned with stringent ethical farming standards.
Anuva has recently partnered with NuMobile (Pty) LTD, a company offering smartphone contracts to permanent blue-collar workers, who would not usually qualify for these contracts, by obtaining a pay-roll deduction administered by the employer. The NuMobile team has a 7 year trading history, quality customer relationships within its industry, and works with employers to promote communication in the employer organizations. The partnership has resulted in an increase in profitability of the existing business as cost of sales has decreased with improved buying power offered by Anuva.
Anuva High Income Fund, The G Share Class
The investor has the opportunity to invest in 10% Participating Preference shares in the Anuva G Share Class, securitised by the NuMobile debtors’ book of R80 million.
NuMobile is a Qualifying Investment in the Anuva General Fund, the A Share Class.
NuMobile is a smartphone provider to low-income employees enabling employees to connect to the internet and other smart technology which allows them to communicate with their employers, colleagues and clients. Please see www.numobile.co.za for more information.
The investor must provide us with a Proof of Payment for the Investment and the necessary FICA documents which include:
- A certified copy of their ID or passport (not older than 3 months)
- Proof of residence (Utility Bill not older than 3 months)
- SARS correspondence containing their tax registration number
- Proof of Payment of subscription amount
- Declaration of source of funds (part of the Application form)
Once the application is processed, we will provide the investor with a share and tax certificate. To avoid any recoupment of the tax deduction, funds must remain invested in the fund for 5 years.