Load shedding proved to be a tremendous advantage for the solar industry. The constant interruption of electricity was an annoying reminder for energy consumers that an alternative to Eskom had to be found. Continue Reading
In recent years, a transformative shift has occurred in the corporate world as an increasing number of businesses have significantly pivoted towards alternative energy sources. Solar energy has emerged as a prominent and favoured choice amongst the various options.
Section 12B of the Income Tax Act was introduced in 2016 with the intention of incentivising the private market to invest in various sectors of the economy through a tax benefit, one of the focus areas being renewable energy.
Jaltech has launched its latest alternative investment which focuses at providing South African investors with exposure to the rapidly growing solar sector in South Africa. The investment combines the attractive long term, lower risk nature of solar investments with the addition of a large upfront tax benefit.
For many South African taxpayers, the 30th of June 2021 marked the end of the highly popular Section 12J tax incentive.