About Anuva Investments
Anuva is a company regulated by the Financial Services Board and registered with the South African Revenue Services as a “Venture Capital Company” in terms of Section 12J of the Income Tax Act. The company has been established to enable taxpayers to take advantage of the generous tax incentives through investing in promising small and medium size business enterprises in the Republic of South Africa by way of subscribing for shares.
HOW IT WORKS
WE INVITE QUALIFYING INVESTORS TO SUBSCRIBE FOR SHARES IN ANUVA
The investors will be in a position to take advantage of the following:
A full tax deduction in respect of funds invested in the Company, subject to the provisions of Section 12J, thereby achieving an immediate return of up to 41% for individuals and trusts, and 28% for companies being the reduction in marginal taxes payable on their investment.
Protection of investors interests through regulation and compliance with the Financial Services Board and the Financial Advisory and Intermediary Services Act.
- Registered and regularly monitored by SARS.
- The Anuva Team’s unique role as Business Rescue Practitioners to identify and facilitate investment in turnaround opportunities at an entry level equity price.
- The expertise of the Anuva team to identify, negotiate and manage promising business investment opportunities for the benefit of the investor.
- The proven expertise of Anuva is a regulated professional organisation, in business restructure and improving performance of owner managed businesses to achieve substantially enhanced returns and increased shareholder value.
We have acquired a minority stake in Medac (Pty) Ltd, a company manufacturing high quality medical bracing and support products, as well as their own sports brand called ‘Rockets’.
Anuva has acquired a 69% stake in Mastercare (formerly known as Wilenri Appliance Services (Pty) Ltd), the only national electronic appliance repair business.
Mastercare Medical Supplies
Mastercare Medical Supplies (Pty) Ltd has acquired the exclusive distributions rights to the medical bracing and support products made by Medac (Pty) Ltd. In September 2016, Anuva acquired a controlling stake in Mastercare Medical Supplies.
Anuva has recently partnered with NuMobile (Pty) Ltd, a company offering smartphone contracts to permanent blue-collar workers, who would not usually qualify for these contracts, by obtaining a pay-roll deduction administered by the employer. The NuMobile team has a 7 year trading history, quality customer relationships within its industry, and works with employers to promote communication in the employer organizations.
Anuva is a firm that provides businesses with management assistance and additional investment capital to assist companies get to the next level. For this Anuva takes a stake in the business and partners with the existing owners giving them access to our network and skills.
Anuva invites companies which require funding capital to assist them expand and which might also require good management and technical support across a broad array of disciplines to contact us for an initial, confidential discussion.
Thereafter, at no cost to yourselves, we could undertake a due diligence assessment of the business, its finance, the operations, legal and resourcing.
For advice on these matters you should consult your own investment, tax, legal, accounting or other advisers about any material or information discussed in this website. An investment must be considered high risk and investors are urged to seek independent professional advice on their investment.
FSB fund manager and Key Individual.
Larry has a BA (Mil)/BComm degree and a Masters in Business Leadership. Larry worked for Ernst & Young for 14 years, resigning as a director heading up the Western Cape Management Consulting Division. He worked in many of South Africa’s Blue Chip companies and was seconded to Italy for a year to oversee the turnaround of one of the largest investment and insurance companies in Europe. Up distribution networks, as well as mergers and acquisitions, within the Financial Services industry
Neill Hobbs CA (SA) RA
Chartered Accountant CA (SA), Registered Auditor and Senior Business Rescue Practitioner.
For the last 14 years, Neill has been a partner of Hobbs Sinclair where his skills have been utilised in building an accounting practice, specialising in tax structures. Neill is a Chartered Accountant CA (SA) and has a BComm honours degree in Financial Management. Neill completed his audit articles at Coopers & Lybrand (now PWC) Furthermore, he acted on the main board as a director and managing director for Rennie Grinaker Zimbabwe Limited, Kestrel Group and Elexir technology Holdings Ltd. Four years ago Neill became a Business Rescue Practitioner and has taken on many successful appointments to date which involved hundreds of jobs being saved and a return of profitability to these companies. His high level strategic management was a key driver which led to their success.
Experienced entrepreneur and key individual of iTouch and ViaMedia.
Michael, achieved a BSc Honours degree after studying Zoology and Computer Science at University of Cape Town and then The University of the Witwatersrand. He went on to work as a programmer at Eskom before spending four years travelling and volunteering in South and Central America, as a zoologist. On returning to South Africa, he started working for iTouch, a company specializing in mobile phone services which became an international leader in the industry and listed on the London Stock Exchange, during his tenure as General Manager of the consumer division in South Africa. Michael left iTouch, to become Marketing Director and shareholder of ViaMedia, which soon became the top company of its kind, in the country, under his guidance.
Turnaround specialist with 20-years of experience in Sub-Sahara Africa developing mining, agriculture and trading projects.
During the first part of his working life, Johan spend time in the South African navy specialising in financial management. He reached the rank of Lieutenant Commander as Project Finance Officer of SA Navy. Johan has 20 years’ experience in Sub-Sahara Africa developing mining, agriculture and trading projects. He has been involved with and managed operations which have varied from exploration, evaluation projects to successfully feasibility studies.
Greig Sinclair CA (SA)
Greig is a Chartered Accountant CA (SA) in public practice and a partner at Hobbs Sinclair Chartered Accountants.
He completed his tertiary education at UNISA with a B.Compt honours and post graduate diploma in auditing. Greig also completed his articles at Betty and Dickson (now RSM Betty and Dickson) Apart from many years’ experience in public practice, he has also served as Chief Financial Officer of Masterparts and as a research analyst at Oasis Asset Management. Greig’s vast experience has allowed him to specialize in many different areas including corporate restructuring, tax compliance, audit, financial and management accounting, tax and financial strategy. Furthermore, he has played a key part in various business rescue assignments with his business partner Neill and continues to deliver world class turnaround strategies for his clients.
Michiel de Witt
Michiel completed his BComm Honours in Management Accounting cum laude in 2014 at Stellenbosch University.
Michiel has been working at Hobbs Sinclair under the mentorship of Neill Hobbs and Greig Sinclair with the goal of achieving his CIMA qualification. He has a keen interest in private equity and is passionate about the industry.
Is this for me?
Yes, this is an extraordinary opportunity for ANY South African taxpayer.
Is this a legitimate way to minimize the amount of tax you pay?
Are there any risks?
Yes, although you save up to 41% in marginal taxes, the underlying investments need to perform adequately for you to realise those savings and additional good growth, as in the case of the Section 12J company Anuva Investments.
Can I independently verify this information?
Yes, you can speak to SARS directly or any senior tax Advocate.
Are Anuva's investments risky?
Anuva’s team of experts, carefully select opportunities to minimize risk and target good returns for investors. Anuva’s mandate is to choose established cash positive companies, not start-ups, and guide these to success providing good dividend flows and capital growth for investors. Anuva’s investment process is governed by an investment committee to ensure that the investment risk is minimized.
Why trust a company like Anuva with your savings?
There are many reasons to trust Anuva (see below) but primarily, Anuva’s mandate is to return good results while minimising risk.
Why Anuva vs another 12J company?
Anuva is a leading Section 12J company with proven results and an excellent reputation.
Does Anuva have a track record?
Yes, Anuva has a 2-year track record and has raised approximately R118 290 631 in share capital to date. Click here to download the Annual Financial Statements for the year ended 29 February 2016.
Is Anuva delivering good returns?
Yes, in addition to the upfront tax saving, 2016 results show that earnings increased to R13 744 777, shareholders received a 24% dividend yield and share capital increased to R33 532 479. Currently, the Anuva team targets an 8% dividend yield annually.
What are the costs of investing?
A once off 2% capital raising fee and 2% management fee per annum on capital invested to run and administer the fund. Capital raising fees are waived on dividends reinvested.
Is Anuva transparent?
Yes, Anuva prides itself on being transparent and is the only Section 12J fund that has published its results annually since inception.
Is Anuva compliant with the FSB, and the Section 12J legislation?
Yes, Anuva’s corporate governance is excellent and is regulated by both the FSB (FSB No: 45663) and SARS (VCC No: VCC-0008).
Who governs Anuva?
Anuva is governed by a board of 4 directors:
- Larry Worthington-Fitnum – FSB Fund manager and Key Individual
- Neill Hobbs CA (SA) RA – Chartered Accountant CA (SA), Registered Auditor and Senior Business Rescue Practitioner
- Michael Hainebach – experienced entrepreneur and key individual of iTouch and ViaMedia,
- Johan Slabber – turnaround specialist with 20-years of experience in Sub-Sahara Africa developing mining, agriculture and trading projects.
What is the minimum investment?
The minimum investment Anuva has agreed upon is R1 000 000.