An energy fund, an equipment rental business and a credit verification start-up — these are some of the businesses that are benefiting from investments through a venture capital tax incentive.The SA Revenue Service (Sars) says that, following amendments that took effect in April last year, the incentive is beginning to take off. Despite this, some say further changes are needed to make it more attractive.Under section 12J of the Income Tax Act individuals, companies and trusts can get a tax deduction if they invest in a venture capital company (VCC) that in turn invests in a qualifying small business for at least five years.Freddie Fourie, Who Runs Brutes Air Rental Solutions, Says An Investment From Westbrooke Capital Management Will Help His Company Fund the Rental Of Compressed Air Equipment to Companies. He Is Partnering With Brutes Air Solutions, A 12-Year-Old Company.While Fourie does not want to disclose the amount invested (which is provided as the firm meets various milesto...
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