“THE MOST EFFICIENT WAY OF RETURNING CAPITAL TO INVESTORS WILL BE PRIORITIZED”

ABOUT

INTRODUCTION

  • The S12J incentive gives individuals, companies and trusts the ability to  write off 100% of their investment against their taxable income in the  year they invest
  • This reduces the cost of the investment and provides downside protection
  • Overall returns are enhanced
  • Fundamental allows you the investor to subscribe to a distinct share class  with a ring-fenced underlying qualifying investment
  • You determine your own ring-fenced share class investment You manage your investment

The effect of the incentive for an investor subscribing for R1,000,000 worth of shares in a S12J company is shown below:

Investor type Individuals Trusts Corporates
Gross investment R1,000,000 R1,000,000 R1,000,000
Tax relief (R450,000) (R450,000) (R280,000)
Net investment R550,000 R550,000 R550,000
Effective % tax relief 45% 45% 28%

“THE BOARD OF DIRECTORS IS APPOINTED TO ENSURE THAT FUNDAMENTAL COMPLIES WITH THE VENTURE CAPITAL COMPANY REQUIREMENTS”

THE TEAM

The investment committee’s primary function will be to review each opportunity presented by potential investors in order to ensure that it meets the qualifying criteria as set out in the legislation.

The Investment Committee will comprise of the following:

Hans Hillermann Executive Director
Olivier Barbeau Executive Director
Charles Reid Executive Director
Jens Reuning Independent Non-
Executive Director
Uwe Meier Independent Non-
Executive Director

The Investment Committee may be supplemented by relevant experts on a project-by-project basis

The Investment Committee members are ordinary shareholders in Fundamental

The Investment Committee members are shareholders in Fundamental Admin Company – refer to group structure

All Investment Committee members are required to invest in Fundamental

EXECUTIVE DIRECTORS

Hans-Dieter Hillermann (40) – Executive Director

Qualified as CA(SA)

Senior Partner at Moore Stephens Durban and Director at Moore Stephens CJL Corporate Finance

Hans has extensive national and international experience in advising primarily family run businesses and entrepreneurs. From 2015 Hans has focused on M&A, private equity and other finance raising activities in both South Africa and throughout Southern Africa.

Olivier Barbeau (44) – Executive Director

Qualified as CA(SA). Member of Institute of Directors in Southern Africa as well as Fellow of the Mauritius Institute of Directors

Managing Partner at Moore Stephens Johannesburg, Deputy Chairman of Moore Stephens South Africa
He has been involved as a principal in various corporate finance and advisory firms for over 15 years. His extensive experience in the mining and ICT sectors has seen him initiate, develop and implement merger and acquisition transactions for both listed and unlisted companies across the African continent.

Charles Reid (61) – Executive Director

Qualified as CA(SA)

Managing Partner at Moore Stephens Durban, Chairman of Moore Stephens South Africa and Africa
20+ years of experience in audit, tax and advisory services.

INDEPENDENT NON-EXECUTIVE DIRECTORS

Jens Reuning (41) – Independent

Qualified as Mechanical Engineer

Owned and successfully operated AC Exports Pty Ltd before exiting to a family office.

Uwe Meier (41) – Independent

Qualified as CA(SA)

Director at Moore Stephens CJL Corporate Finance
Uwe is an experienced executive with a demonstrated history of working in the financial services industry.
Uwe established Real Value Investments Fund in 2012

Governance, Risk Management and Cost

Cost Structure

THE FUND WILL BE SUBJECT TO THE FOLLOWING FEE STRUCTURE:

Initial

10% of Tax Savings

Annual / Ongoing Cost Contribution

2% of Assets under Management (AUM) per annum payable in advance

The % fee applies to each class of share

No carry / hurdle fees

The above model compares very favorably with current S12J funds

The Process

CONTACT US

T – +27 11 000 0303
F – +27 11 000 6264

ADDRESS & DETAILS

Boxcars Dozen Pty Ltd | Trading as Fundamental VCC

T: +27 (0)31 332 8622 , F: +27 (0)31 332 1828 , E: [email protected]

5th Floor The Spinnaker, Albert Terrace, Durban, Kwa-Zulu Natal, 4001 | P.O. Box 11800, Marine Parade, 4056

Registration No: 2016/350429/07 | FSP No: 48894 | VCC – 0093 | Directors: HD Hillermann, OA Barbeau, CF Reid

10 + 12 =

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