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deposit insurance

Deposit insurance

There is a misconception that deposits in bank accounts are guaranteed by government should the bank fail. The reality is that in South Africa there is no deposit insurance, although this is currently being reviewed by the South African Reserve...

s12J

Buy your franchise with a tax deduction

Under section 12J of the Income Tax Act, investors can invest in qualifying venture capital companies and receive a 100% tax deduction on the amount invested, as long as the investment is held for a period of five years.