Shout out to everyone involved in the 2020 12J Indaba. From our brilliant speakers, fantastic organizers, event sponsors and the outstanding response from you, our attendees!
We look forward to seeing you next year, beyond the sunset!
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Lynette Ntuli: "We must invest in best practice, collaborate and remain open and agile to what the industry will teach and show us."
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Thank you Dr Albertus Marais for simplifying the complexities of entities and structures in Section 12J!
Our final speaker is Bonang Mohale, you don't want to miss his presentation!
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Thank you Ernest Mazansky for sharing your insights and expertise. Now onto our next topic with none other than Albertus Marais!
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Ernest Mazansky: "Remember that a bank account is a debtor-creditor relationship, there's is no actual cash within it so the analysis doesn't work."
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Thank you so much Hein for spreading your words of wisdom. Up next, Ernest Mazansky will be discussing Challenges facing 12J Companies in meeting their expenditure ratios as they exit investments.
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Hein Wagner: "We all have different challenges, but if you change the way you look at things I guarantee you the things you look at will change."
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Hein Wagner: "The biggest lesson I have learnt is if you give just a little bit of what you've got - you will get more than you can ever imagine."
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Hein Wagner: "Appreciate what you've got because there are millions of people out there who have it worse than you. What me and you take for granted, someone out there is praying for."
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Hein Wagner is taking us through his journey of being thrown out of his comfort zone at an incredibly young age. Join us now to hear his inspiring story.
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Thank you to our JSE panel for a very in-depth and detailed discussion on the JSE and it's interactions both locally and abroad with regards to Section 12J.
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Jeff Miller: "It is working in the UK and if we are given more time then we can get that additional traction and possibly create a secondary market in South Africa as it has done in the UK."
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Melanie De Nysschen: "Covid-19 has affected the poorest of the poor worst and we can only solve that with employment opportunities which is what Section 12J provides."
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Samuel Mokorosi :"Instead of a costly high level sponsor, 12J administrators can be VCC advisors and help companies come onto the exchange. Listing on the JSE from a 12J perspective is not that significant either."
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Michael Probin: "As an investment manager or advisor, loyalty is a fantastic asset that you have to invest in with your clients. Talk to them about the failures as well as the successes."
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Keith Lassman is a UK expert in the industry of VCC's: "Over 3-4 years the industry has raised around half a billion pounds through an intricate network of independent financial advisors who have established a track record of their own."
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Michael Probin: "The dialogue between investors and investment managers will always be around tax relief. However, this dialogue needs to be had by the advisors, investors and most importantly the authorities."
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@mansoorparker1: "It has to be recognized the fact that we haven't had the 12 year incentive - it's only been 6 years. SMME's need the additional time to grow."
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