South Africans can now get tax breaks for investing in renewable energy
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GUEST: Jeff Miller, founder of Twelve B Green Energy Fund
A new solar and renewable energy fund is launching in South Africa, offering investors a 100% tax break using Section 12B of the Income Tax Act. However, investors will need a minimum of R100,000 to get through the door. The fund, called the Twelve B Green Energy Fund, relies on Section 12B of the Income Tax Act, which allows for a tax deduction from qualifying assets which are used for renewable electricity generation. THE HOST OF KAYABiz, Gugulethu Mfuphi chats to founder of Twelve B Green Energy Fund, Jeff Miller about this initiative.
A new solar and renewable energy fund is launching in South Africa, offering investors a 100% tax break using Section 12B of the Income Tax Act. However, investors will need a minimum of R100,000 to get through the door. The fund, called the Twelve B Green Energy Fund, relies on Section 12B of the Income Tax Act, which allows for a tax deduction from qualifying assets which are used for renewable electricity generation. THE HOST OF KAYABiz, Gugulethu Mfuphi chats to founder of Twelve B Green Energy Fund, Jeff Miller about this initiative.
