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Apply to invest

Subscription price per share: R18.90

Targeted Dividends: 8%

Targeted IRR: 20%

Fees: Initiation fee: 2 % of capital invested. Annual Management Fee: 2% of capital invested.

Step-by-step guide to invest in Anuva

Step 1

Complete the Application Form in the PPM.

Step 2

Attach the following FICA docs

  • A certified copy of your identity document or passport (not older than 3 months)
  • A proof of residence (utility bill not older than 3 months)
  • SARS correspondence containing your tax number
  • Proof of payment (Anuva Banking details in Undertaking to Subscribe to Private Placement Form)
  • Declaration of source of funds invested

Step 3

Email: natashan@anuvainvestments.co.za

Fax: +27 (21)683 0577

If I invest R10 million into the VCC

If I invest R10m into the fund before 28 Feb 2018 what will my tax savings be?

How will I receive this tax saving?
Is it only for the year of investment?

The tax saving will be a deduction from taxable income within the year that the investment into the VCC was made. To illustrate – if an investor invests on or before the 27th of February 2018, then the tax deduction will be included in the investor’s 2018 income tax calculation.

When do I need to invest the R10m to receive the tax benefit?

The investment will need to be within the financial year end of the year in which the investor requires the tax deduction. If an investor invests on the 27th of February 2018 then the tax deduction will be included in the investor’s 2018 income tax calculation, however if an investor invests on the 1st of March 2018 then the tax deduction will be included in the investor’s 2019 income tax calculation.

Do I need to pay recoupment tax on disposal of investments into the VCC?

If the shares are held for a period in excess of five years there will be no recoupment of tax allowances upon disposal of the shares. Capital Gains Tax will, however, be payable on the full proceeds.

Will I be able to sell my shares in the fund?

Yes, the VCC is a public unlisted company and the shares may be sold in accordance with the Company’s MOI. There are, however, tax advantages to holding onto your shares for more than 5 years – i.e. no tax recoupment

How will the VCC be valued if additional shareholders are added in the future?

Anuva has adopted IFRS 10.31 – The “investment entity” approach.

Annual Financial Statements 2017 | 2016