Twelve B Green Energy, SA’s first private equity fund looking to help green energy investors qualify for tax deductions under section 12B of the income tax act, says it plans to raise as much as R500m in capital in its first year of operation.

The fund, which was launched on Tuesday, is planning an initial capital raise of R200m but founder Jeff Miller says strong demand for the investment vehicle could see a further R300m raised from individuals, pension and provident funds, companies and trusts over the next 12 months...

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