The National Treasury introduced the 2019 Draft Taxation Laws Amendment Bill in July to curb abuse of Section 12J tax deductible investments and mitigate the impact of lost tax revenue to the fiscus.

The sector attracted more than R5bn in the 2018/2019 tax year.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now