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Unprecedented demand as half Bright Light's R50m fund raising snapped up on Day One

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Government's 12J tax incentive to stimulate employment and support targeted sectors is being applauded in the best possible way - via the wallets of sussed SA taxpayers. Bright Light Solar's fund raising issue opened to strong demand from BizNews community members yesterday, in a single day attracting deposits for half of the R50m being raised. In this podcast CEO Kevin Shames explains why this year's issue has been capped and how the fund is able to confidently project a 19% after-tax return. Although theoretically open for another three weeks, the offer must close as soon as investments of R50m have been received via ETF - so, as Shames puts it, this remains very much a case of "fastest fingers first." Learn more about your ad choices. Visit megaphone.fm/adchoices

2 Feb 2021 2AM English South Africa Investing · Business News

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