Proposed amendments to Section 12J of the Income Tax Act, which provides a generous tax…
hayleyf3 Aug 2019
section 12J
Physical Address:
Westbrooke House / 32 Impala Road / Chislehurston / 2196 PO Box 653338 / Benmore / 2010 telephone +27 (0) 11 245 0860 fax +27 (0) 11 883 7197
email info@waam-sa.com
Physical Address:
17 Portland Place / Marylebone /
London / W1B 1PU
tel / +44 (0) 203 746 8878
email info@waam-uk.com
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Please read the following terms and conditions (‘Terms of Use’) before accessing this section of the Westbrooke Alternative Asset Management Pty Ltd (WAAM) website. Your access to and use of the website is subject to these Terms of Use and all applicable laws and regulations. Accessing and using the website, you accept, without qualification, these Terms of Use. If you do not approve and accept these Terms of Use without qualification, you should exit the website immediately.
The international companies advised by WAAM are not regulated by the Financial Sector Conduct Authority, and are not available to South African Investors.
An offer regarding an investment in the local and international companies advised by WAAM may be made only after you have received a Private Offering Memorandum or Prospectus and had the opportunity to discuss all matters concerning any prospective investment that you desire. The website does not provide all information material to an investor’s decision to invest including, but not limited to, risk factors.
The information on the website is not intended as, and does not constitute, investment, legal or tax advice or an offer to sell any securities to any person or a solicitation of any person or any offer to purchase any securities. The information in the website should not be construed as any endorsement, recommendation or sponsorship of any company, fund or security by WAAM. You agree that WAAM is not liable for any action you take or decision you make in reliance on any information on the website.
You acknowledge that any requests for information are unsolicited and any information provided shall neither constitute nor be construed as investment advice by WAAM to you.
Please agree that you have read and understand the above Terms of Use.
Please read the following terms and conditions (‘Terms of Use’) before accessing this section of the Westbrooke Alternative Asset Management Pty Ltd (WAAM) website. Your access to and use of the website is subject to these Terms of Use and all applicable laws and regulations. Accessing and using the website, you accept, without qualification, these Terms of Use. If you do not approve and accept these Terms of Use without qualification, you should exit the website immediately.
The international companies advised by WAAM are not regulated by the Financial Sector Conduct Authority, and are not available to South African Investors.
An offer regarding an investment in the local and international companies advised by WAAM may be made only after you have received a Private Offering Memorandum or Prospectus and had the opportunity to discuss all matters concerning any prospective investment that you desire. The website does not provide all information material to an investor’s decision to invest including, but not limited to, risk factors.
The information on the website is not intended as, and does not constitute, investment, legal or tax advice or an offer to sell any securities to any person or a solicitation of any person or any offer to purchase any securities. The information in the website should not be construed as any endorsement, recommendation or sponsorship of any company, fund or security by WAAM. You agree that WAAM is not liable for any action you take or decision you make in reliance on any information on the website.
You acknowledge that any requests for information are unsolicited and any information provided shall neither constitute nor be construed as investment advice by WAAM to you.
Please agree that you have read and understand the above Terms of Use.
Please read the following terms and conditions (‘Terms of Use’) before accessing this section of the Westbrooke Alternative Asset Management Pty Ltd (WAAM) website. Your access to and use of the website is subject to these Terms of Use and all applicable laws and regulations. Accessing and using the website, you accept, without qualification, these Terms of Use. If you do not approve and accept these Terms of Use without qualification, you should exit the website immediately.
The international companies advised by WAAM are not regulated by the Financial Sector Conduct Authority, and are not available to South African Investors.
An offer regarding an investment in the local and international companies advised by WAAM may be made only after you have received a Private Offering Memorandum or Prospectus and had the opportunity to discuss all matters concerning any prospective investment that you desire. The website does not provide all information material to an investor’s decision to invest including, but not limited to, risk factors.
The information on the website is not intended as, and does not constitute, investment, legal or tax advice or an offer to sell any securities to any person or a solicitation of any person or any offer to purchase any securities. The information in the website should not be construed as any endorsement, recommendation or sponsorship of any company, fund or security by WAAM. You agree that WAAM is not liable for any action you take or decision you make in reliance on any information on the website.
You acknowledge that any requests for information are unsolicited and any information provided shall neither constitute nor be construed as investment advice by WAAM to you.
Please agree that you have read and understand the above Terms of Use.
Please read the following terms and conditions (‘Terms of Use’) before accessing this section of the Westbrooke Alternative Asset Management Pty Ltd (WAAM) website. Your access to and use of the website is subject to these Terms of Use and all applicable laws and regulations. Accessing and using the website, you accept, without qualification, these Terms of Use. If you do not approve and accept these Terms of Use without qualification, you should exit the website immediately.
The international companies advised by WAAM are not regulated by the Financial Sector Conduct Authority, and are not available to South African Investors.
An offer regarding an investment in the local and international companies advised by WAAM may be made only after you have received a Private Offering Memorandum or Prospectus and had the opportunity to discuss all matters concerning any prospective investment that you desire. The website does not provide all information material to an investor’s decision to invest including, but not limited to, risk factors.
The information on the website is not intended as, and does not constitute, investment, legal or tax advice or an offer to sell any securities to any person or a solicitation of any person or any offer to purchase any securities. The information in the website should not be construed as any endorsement, recommendation or sponsorship of any company, fund or security by WAAM. You agree that WAAM is not liable for any action you take or decision you make in reliance on any information on the website.
You acknowledge that any requests for information are unsolicited and any information provided shall neither constitute nor be construed as investment advice by WAAM to you.
Please agree that you have read and understand the above Terms of Use.
Please read the following terms and conditions (‘Terms of Use’) before accessing this section of the Westbrooke Alternative Asset Management Pty Ltd (WAAM) website. Your access to and use of the website is subject to these Terms of Use and all applicable laws and regulations. By accessing and using the website, you accept, without qualification, these Terms of Use. If you do not approve and accept these Terms of Use without qualification, you should exit the website immediately.
The international companies advised by WAAM are not regulated by the Financial Sector Conduct Authority and/or Prudential Authority, as the case may be, and are not available to South African Investors. The information on this website does not and is not intended to constitute an offer to the public as contemplated in section 96 of the Companies Act, No 71 of 2008 (as amended), nor does it call attention to or advertise an offer to the public. The information contained in this notice does not constitute an offer for sale in the United States. The securities which are described in this notice have not, and will not, be registered under the US Securities Act of 1933 and may not be offered or sold, directly or indirectly, into the United States. Furthermore, the information in this notice is not directed at persons in the United Kingdom as investment advice, as an investments advertisement or as an offer of securities in the United Kingdom.
An offer regarding an investment in the local and international companies advised by WAAM may be made only after you have received a Private Offering Memorandum or Prospectus, marked for your attention, and have had the opportunity to discuss all matters concerning any prospective investment that you desire. The website does not provide all information material to an investor’s decision to invest including, but not limited to, risk factors. Information contained on the website is updated on a regular basis but due to the nature of the information may become outdated. You are therefore cautioned to independently verify the correctness of information on the website.
The information on the website is not intended as, and does not constitute, investment, legal or tax advice or an offer to sell any securities to any person or a solicitation of any person or any offer to purchase any securities. It is intended to provide you with objective information and is not a recommendation, guidance or proposal in regard to the suitability of any securities in respect of any financial need which you may have. The information in the website should not be construed as any endorsement, recommendation or sponsorship of any company, fund or security by WAAM. You agree that WAAM, its directors, officers and employees shall not be liable for any action you take or decision you make, including any loss, damage or expense which you may suffer as a result of or in reliance on any information on the website, links of services provided through the website. WAAM, its directors, officers and employees provide no representation or warranty, express or implied, in relation to the accuracy, completeness or correctness of any information on the website.
You acknowledge that any information provided shall neither constitute nor be construed as investment advice by WAAM to you.
Please agree that you have read and understand the above Terms of Use.Â
Please read the following terms and conditions (‘Terms of Use’) before accessing this section of the Westbrooke Alternative Asset Management Pty Ltd (WAAM) website. Your access to and use of the website is subject to these Terms of Use and all applicable laws and regulations. By accessing and using the website, you accept, without qualification, these Terms of Use. If you do not approve and accept these Terms of Use without qualification, you should exit the website immediately.
The international companies advised by WAAM are not regulated by the Financial Sector Conduct Authority and/or Prudential Authority, as the case may be, and are not available to South African Investors. The information on this website does not and is not intended to constitute an offer to the public as contemplated in section 96 of the Companies Act, No 71 of 2008 (as amended), nor does it call attention to or advertise an offer to the public. The information contained in this notice does not constitute an offer for sale in the United States. The securities which are described in this notice have not, and will not, be registered under the US Securities Act of 1933 and may not be offered or sold, directly or indirectly, into the United States. Furthermore, the information in this notice is not directed at persons in the United Kingdom as investment advice, as an investments advertisement or as an offer of securities in the United Kingdom.
An offer regarding an investment in the local and international companies advised by WAAM may be made only after you have received a Private Offering Memorandum or Prospectus, marked for your attention, and have had the opportunity to discuss all matters concerning any prospective investment that you desire. The website does not provide all information material to an investor’s decision to invest including, but not limited to, risk factors. Information contained on the website is updated on a regular basis but due to the nature of the information may become outdated. You are therefore cautioned to independently verify the correctness of information on the website.
The information on the website is not intended as, and does not constitute, investment, legal or tax advice or an offer to sell any securities to any person or a solicitation of any person or any offer to purchase any securities. It is intended to provide you with objective information and is not a recommendation, guidance or proposal in regard to the suitability of any securities in respect of any financial need which you may have. The information in the website should not be construed as any endorsement, recommendation or sponsorship of any company, fund or security by WAAM. You agree that WAAM, its directors, officers and employees shall not be liable for any action you take or decision you make, including any loss, damage or expense which you may suffer as a result of or in reliance on any information on the website, links of services provided through the website. WAAM, its directors, officers and employees provide no representation or warranty, express or implied, in relation to the accuracy, completeness or correctness of any information on the website.
You acknowledge that any information provided shall neither constitute nor be construed as investment advice by WAAM to you.
Please agree that you have read and understand the above Terms of Use.Â
Please read the following terms and conditions (‘Terms of Use’) before accessing this section of the Westbrooke Alternative Asset Management Pty Ltd (WAAM) website. Your access to and use of the website is subject to these Terms of Use and all applicable laws and regulations. By accessing and using the website, you accept, without qualification, these Terms of Use. If you do not approve and accept these Terms of Use without qualification, you should exit the website immediately.
The international companies advised by WAAM are not regulated by the Financial Sector Conduct Authority and/or Prudential Authority, as the case may be, and are not available to South African Investors. The information on this website does not and is not intended to constitute an offer to the public as contemplated in section 96 of the Companies Act, No 71 of 2008 (as amended), nor does it call attention to or advertise an offer to the public. The information contained in this notice does not constitute an offer for sale in the United States. The securities which are described in this notice have not, and will not, be registered under the US Securities Act of 1933 and may not be offered or sold, directly or indirectly, into the United States. Furthermore, the information in this notice is not directed at persons in the United Kingdom as investment advice, as an investments advertisement or as an offer of securities in the United Kingdom.
An offer regarding an investment in the local and international companies advised by WAAM may be made only after you have received a Private Offering Memorandum or Prospectus, marked for your attention, and have had the opportunity to discuss all matters concerning any prospective investment that you desire. The website does not provide all information material to an investor’s decision to invest including, but not limited to, risk factors. Information contained on the website is updated on a regular basis but due to the nature of the information may become outdated. You are therefore cautioned to independently verify the correctness of information on the website.
The information on the website is not intended as, and does not constitute, investment, legal or tax advice or an offer to sell any securities to any person or a solicitation of any person or any offer to purchase any securities. It is intended to provide you with objective information and is not a recommendation, guidance or proposal in regard to the suitability of any securities in respect of any financial need which you may have. The information in the website should not be construed as any endorsement, recommendation or sponsorship of any company, fund or security by WAAM. You agree that WAAM, its directors, officers and employees shall not be liable for any action you take or decision you make, including any loss, damage or expense which you may suffer as a result of or in reliance on any information on the website, links of services provided through the website. WAAM, its directors, officers and employees provide no representation or warranty, express or implied, in relation to the accuracy, completeness or correctness of any information on the website.
You acknowledge that any information provided shall neither constitute nor be construed as investment advice by WAAM to you.
Please agree that you have read and understand the above Terms of Use.Â
Please read the following terms and conditions (‘Terms of Use’) before accessing this section of the Westbrooke Alternative Asset Management Pty Ltd (WAAM) website. Your access to and use of the website is subject to these Terms of Use and all applicable laws and regulations. By accessing and using the website, you accept, without qualification, these Terms of Use. If you do not approve and accept these Terms of Use without qualification, you should exit the website immediately.
The international companies advised by WAAM are not regulated by the Financial Sector Conduct Authority and/or Prudential Authority, as the case may be, and are not available to South African Investors. The information on this website does not and is not intended to constitute an offer to the public as contemplated in section 96 of the Companies Act, No 71 of 2008 (as amended), nor does it call attention to or advertise an offer to the public. The information contained in this notice does not constitute an offer for sale in the United States. The securities which are described in this notice have not, and will not, be registered under the US Securities Act of 1933 and may not be offered or sold, directly or indirectly, into the United States. Furthermore, the information in this notice is not directed at persons in the United Kingdom as investment advice, as an investments advertisement or as an offer of securities in the United Kingdom.
An offer regarding an investment in the local and international companies advised by WAAM may be made only after you have received a Private Offering Memorandum or Prospectus, marked for your attention, and have had the opportunity to discuss all matters concerning any prospective investment that you desire. The website does not provide all information material to an investor’s decision to invest including, but not limited to, risk factors. Information contained on the website is updated on a regular basis but due to the nature of the information may become outdated. You are therefore cautioned to independently verify the correctness of information on the website.
The information on the website is not intended as, and does not constitute, investment, legal or tax advice or an offer to sell any securities to any person or a solicitation of any person or any offer to purchase any securities. It is intended to provide you with objective information and is not a recommendation, guidance or proposal in regard to the suitability of any securities in respect of any financial need which you may have. The information in the website should not be construed as any endorsement, recommendation or sponsorship of any company, fund or security by WAAM. You agree that WAAM, its directors, officers and employees shall not be liable for any action you take or decision you make, including any loss, damage or expense which you may suffer as a result of or in reliance on any information on the website, links of services provided through the website. WAAM, its directors, officers and employees provide no representation or warranty, express or implied, in relation to the accuracy, completeness or correctness of any information on the website.
You acknowledge that any information provided shall neither constitute nor be construed as investment advice by WAAM to you.
Please agree that you have read and understand the above Terms of Use.Â
Please read the following terms and conditions (‘Terms of Use’) before accessing this section of the Westbrooke Alternative Asset Management Pty Ltd (WAAM) website. Your access to and use of the website is subject to these Terms of Use and all applicable laws and regulations. By accessing and using the website, you accept, without qualification, these Terms of Use. If you do not approve and accept these Terms of Use without qualification, you should exit the website immediately.
The international companies advised by WAAM are not regulated by the Financial Sector Conduct Authority and/or Prudential Authority, as the case may be, and are not available to South African Investors. The information on this website does not and is not intended to constitute an offer to the public as contemplated in section 96 of the Companies Act, No 71 of 2008 (as amended), nor does it call attention to or advertise an offer to the public. The information contained in this notice does not constitute an offer for sale in the United States. The securities which are described in this notice have not, and will not, be registered under the US Securities Act of 1933 and may not be offered or sold, directly or indirectly, into the United States. Furthermore, the information in this notice is not directed at persons in the United Kingdom as investment advice, as an investments advertisement or as an offer of securities in the United Kingdom.
An offer regarding an investment in the local and international companies advised by WAAM may be made only after you have received a Private Offering Memorandum or Prospectus, marked for your attention, and have had the opportunity to discuss all matters concerning any prospective investment that you desire. The website does not provide all information material to an investor’s decision to invest including, but not limited to, risk factors. Information contained on the website is updated on a regular basis but due to the nature of the information may become outdated. You are therefore cautioned to independently verify the correctness of information on the website.
The information on the website is not intended as, and does not constitute, investment, legal or tax advice or an offer to sell any securities to any person or a solicitation of any person or any offer to purchase any securities. It is intended to provide you with objective information and is not a recommendation, guidance or proposal in regard to the suitability of any securities in respect of any financial need which you may have. The information in the website should not be construed as any endorsement, recommendation or sponsorship of any company, fund or security by WAAM. You agree that WAAM, its directors, officers and employees shall not be liable for any action you take or decision you make, including any loss, damage or expense which you may suffer as a result of or in reliance on any information on the website, links of services provided through the website. WAAM, its directors, officers and employees provide no representation or warranty, express or implied, in relation to the accuracy, completeness or correctness of any information on the website.
You acknowledge that any information provided shall neither constitute nor be construed as investment advice by WAAM to you.
Please agree that you have read and understand the above Terms of Use.Â
Please read the following terms and conditions (‘Terms of Use’) before accessing this section of the Westbrooke Alternative Asset Management Pty Ltd (WAAM) website. Your access to and use of the website is subject to these Terms of Use and all applicable laws and regulations. By accessing and using the website, you accept, without qualification, these Terms of Use. If you do not approve and accept these Terms of Use without qualification, you should exit the website immediately.
The international companies advised by WAAM are not regulated by the Financial Sector Conduct Authority and/or Prudential Authority, as the case may be, and are not available to South African Investors. The information on this website does not and is not intended to constitute an offer to the public as contemplated in section 96 of the Companies Act, No 71 of 2008 (as amended), nor does it call attention to or advertise an offer to the public. The information contained in this notice does not constitute an offer for sale in the United States. The securities which are described in this notice have not, and will not, be registered under the US Securities Act of 1933 and may not be offered or sold, directly or indirectly, into the United States. Furthermore, the information in this notice is not directed at persons in the United Kingdom as investment advice, as an investments advertisement or as an offer of securities in the United Kingdom.
An offer regarding an investment in the local and international companies advised by WAAM may be made only after you have received a Private Offering Memorandum or Prospectus, marked for your attention, and have had the opportunity to discuss all matters concerning any prospective investment that you desire. The website does not provide all information material to an investor’s decision to invest including, but not limited to, risk factors. Information contained on the website is updated on a regular basis but due to the nature of the information may become outdated. You are therefore cautioned to independently verify the correctness of information on the website.
The information on the website is not intended as, and does not constitute, investment, legal or tax advice or an offer to sell any securities to any person or a solicitation of any person or any offer to purchase any securities. It is intended to provide you with objective information and is not a recommendation, guidance or proposal in regard to the suitability of any securities in respect of any financial need which you may have. The information in the website should not be construed as any endorsement, recommendation or sponsorship of any company, fund or security by WAAM. You agree that WAAM, its directors, officers and employees shall not be liable for any action you take or decision you make, including any loss, damage or expense which you may suffer as a result of or in reliance on any information on the website, links of services provided through the website. WAAM, its directors, officers and employees provide no representation or warranty, express or implied, in relation to the accuracy, completeness or correctness of any information on the website.
You acknowledge that any information provided shall neither constitute nor be construed as investment advice by WAAM to you.
Please agree that you have read and understand the above Terms of Use.Â
Dear client,
At Westbrooke Alternative Asset Management, our purpose is to preserve and compound our clients’ wealth to cement their future prosperity. We believe that fundamental to this is the health and wellbeing of the communities in which we operate. We have heard the call by both the South African and United Kingdom Governments to flatten the infection curve and have put in place a variety of measures to respond appropriately and play our part in addressing the Covid-19 crisis.
During the period of lockdown, the Westbrooke team remains fully operational, working remotely to ensure that investments are actively managed during these unprecedented times. We continue to be available at all times for our clients and, whilst we are currently unable to meet with you in person, we are available 7 days a week to assist in any way that we can (see our contact details below).
In addition, the Westbrooke team is determined to play its part in fighting the Covid-19 virus, by mobilising both our internal teams, as well as our deep network of partners and stakeholders, in donating money and time to charitable initiatives tasked with assisting those most threatened by the pandemic. We have made a significant donation to The Solidarity Fund, as well as directly to various smaller initiatives focused on providing food and other essentials to the most vulnerable. All Westbrooke staff have participated in these initiatives.
Wishing you and your families safety and health during these unprecedented times.
Sincerely,
The Westbrooke Alternative Asset Management Team
If you have any questions, please contact us:
+27 (11) 245 0860 / +44 (0)203 746 8878
info@waam-sa.com / info@waam-uk.com
To learn more about the Covid-19 pandemic, click here
Please read the following terms and conditions (‘Terms of Use’) before accessing this section of the Westbrooke Alternative Asset Management Pty Ltd (WAAM) website. Your access to and use of the website is subject to these Terms of Use and all applicable laws and regulations. Accessing and using the website, you accept, without qualification, these Terms of Use. If you do not approve and accept these Terms of Use without qualification, you should exit the website immediately.
The international companies advised by WAAM are not regulated by the Financial Sector Conduct Authority, and are not available to South African Investors.
An offer regarding an investment in the local and international companies advised by WAAM may be made only after you have received a Private Offering Memorandum or Prospectus and had the opportunity to discuss all matters concerning any prospective investment that you desire. The website does not provide all information material to an investor’s decision to invest including, but not limited to, risk factors.
The information on the website is not intended as, and does not constitute, investment, legal or tax advice or an offer to sell any securities to any person or a solicitation of any person or any offer to purchase any securities. The information in the website should not be construed as any endorsement, recommendation or sponsorship of any company, fund or security by WAAM. You agree that WAAM is not liable for any action you take or decision you make in reliance on any information on the website.
You acknowledge that any requests for information are unsolicited and any information provided shall neither constitute nor be construed as investment advice by WAAM to you.
Please agree that you have read and understand the above Terms of Use.
    