Anuva’s team of experts carefully select opportunities to minimise 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 minimised.
Anuva was launched in 2015 and has paid consistent dividends to our shareholders over the years.
Yes, Anuva prides itself on being transparent and is the only Section 12J fund that has published its results annually since inception.
Yes, Anuva’s corporate governance is excellent and is regulated by both the FSCA (FSB No: 45663) and SARS (VCC No: VCC-0008).
• A board of directors which includes independent directors • Investment, Audit, Risk and Remuneration committees • A compliance officer (Moonstone) • A Key Individual • The FSCA and SARS • Independent auditors and other independent advisors
Currently there is a ‘sunset clause’ that takes effect in July 2021. This means that unless government decides to extend the period, the 12J inventive will fall away as at that date. All existing investments will however remain valid and in place, just new investments will not receive the tax benefit.
Section 12J was written into law and introduced as a provision in the Income Tax Act. Furthermore, our fund is a registered financial services provider (FSP 45663) which means it is regulated by the Financial Services Conduct Authority (FSCA – formerly the FSB). It is also a SARS-approved Venture Capital Company (VCC 0008). In addition we also have a formal Tax Opinion that covers all technical and legal aspects, which can be made available upon request.
Section 12J is similar to the retirement fund contribution, i.e. it is a legislated deduction (it is not a ‘tax structure’). This means SARS must by law allow the deduction (and must refund any taxpayer who is in credit). The tax certificate that you receive from our fund enables this deduction. All the current investors in Anuva Investments (over 100 investors) have all received their deductions/refunds as expected.
Flyt Hospitality Fund FAQs
The minimum investment amount is R1 million. Once you are an existing investor you may top-up with any amount.
No, there is no financing available for this fund and investors are required to invest cash. The fund itself, however, can use bank funding of up to 40% when purchasing properties.
The fund acquires complete sectional title units within strategically located properties. The investment mandate is focused on serviced apartments and student accommodation. Please visit our project page for more information on the specific projects that we have secured for the fund.
The Flyt Hospitality Fund offers investors the ability to earn passive income into perpetuity, i.e. you don’t have to exit after 5 years. However if you want to sell, there are attractive exit options available. You can opt to sell your shares back to the fund or you can choose to take a specific property out of the fund in exchange for your shares.
Initiation Fee: 2% Annual Management Fee: 2% Performance Fee: 10% of declared dividends
We have a minimum criteria of 11% return per annum (based on gross investment amount). This increases up to an estimated 26% per annum based on the net investment amount (after the tax incentive). Remember, the underlying investments are typically “low-risk, medium-return” in nature. The fund acquires sectional title units at a market related price, which will produce a market related income. These are long term, stable investments that produce a sustainable income stream. We are not a high-risk, high-reward fund.
During the first 5 years we bulk-up the fund using some bank debt (40% max). This enhances the returns to investors, but we can’t pay dividends because we use all net income to repay the bank loan. Going into year 6, the loans are repaid and all net income is distributed to investors. This strategy allows is us to boost share value upfront by using the benefits of gearing, then convert to an income fund for the long term.
Flyt Select Fund FAQs
The investment amount is equal to the purchase price of the sectional title investment property that you choose, plus associated costs which include the 12J upfront fee and the standard bond registration & transfer costs.
Yes, you can access our bridging loan which will cover up to 100% of your investment amount. The bridging loan is repaid using your tax refund plus raising a mortgage bond on the property itself. Although the property is not registered in your name (it is owned by the fund) you will be required to apply for the bond which will be approved subject to the banks normal lending criteria.
You choose the exact sectional title unit that you would like to purchase at one of our approved Section 12J projects. You will know upfront what the purchase price and associated costs are for the specific unit you choose.
The Flyt Select Fund allows investors to exit the 12J fund after 5 years but retain their investment property via a ringfenced holding company. Investors may then chose to exit the investment at any time by selling the property. No Capital Gains Tax is payable upon exiting the 12J fund, however if the property is sold then Capital Gains Tax will be payable on the increase in property value.
Initiation Fee: 1% Annual Management Fee: 1,5% Performance Fee: n/a
Most investments have a net income forecast of between 6% and 8% per year (excluding capital growth). For some projects a guaranteed return of 6,5% is offered for the first year. All the returns from your unit (income and capital growth) ultimately flow to you.
The income generated from the property is used to service the bond repayments. If you chose not to take a bond (ie invested cash) then the net income will be available to distribute on a monthly basis.
Flyt Partnership Fund FAQs
The minimum investment amount is R1 million. However you are only required to put down 35% of your investment amount in cash (the rest is financed) so the minimum cash investment is R350 000.
Yes, up to 100% finance is available. As part of the investment structure, Flyt will finance 65% of your investment into the Partnership fund. If you would like to borrow the 35% deposit while you wait for your SARS refund, you can apply for this funding via our bridging loan facility too. Our tax experts will assess your tax position and work out how much your tax refund will be, so you will know how much you can borrow. It is possible that the full 35% (or more) is covered by your tax refund.
The fund has a wide investment mandate and can invest in both development opportunities (which generate development profits) and completed sectional title units (which generate long term income yield). Flyt will make the selection of investments jointly with shareholder representatives via the funds Investment Committee.
The Flyt Partnership Fund offers investors the ability to earn passive income into perpetuity, i.e. you don’t have to exit after 5 years and are encouraged to view this as a long term passive investment. However if you want to sell, there are attractive exit options available. You can opt to sell your shares back to the fund or you can acquire a specific property out of the fund in exchange for your shares.
Initiation Fee: 1% Annual Management Fee: 1.5% Profit participation: Flyt 50% and Investors 50%
The total fund returns will be a function of the investments it makes, however the fund’s target is to return 15% p.a. total return.
During the first 5 years all income is used towards reducing the 65% loan.