Raising Capital

Invest in local business

Answering your questions

What is equity crowdfunding?

Equity Crowdfunding is a new way to invest in SMEs. Multiple investors contribute to innovative business pitches in exchange for equity shares in the company. Raising capital alongside multiple sources reduces the investment risk. Businesses gain validation and build brand awareness through the capital raising process.

How does investing work?

Whether you are a novice or professional Investor, you can sign up on our website and choose the business you want to invest it. You upload your FICA documentation and select the amount you wish to invest, and transfer the funds. The funds are held in a trust account until the campaign is closed. If at campaign close, the funding round is successful then the business receives the funds, you will be issued shares and you will be a shareholder of a South African business. If the campaign is not successful, then your funds will be returned to you less the bank charges or transaction fees (EFT fee, R10.00, instant EFT 1.5%, credit/debit card 2.5%, Paypal 5.5%)

How does raising capital work?

Create a user profile on www.uprise.africa. Start a pitch and complete the application form. Once approved, build your pitch and set a funding goal between R500 000 and R50 000 000. Start Raising the funding you need.

How much does it cost?
Onboarding Fee:

Uprise.Africa charges an initial fee of R23 850 to entrepreneurs.

  • The fee will be billed in 4 stages, and each stage will only commence on receipt of funds.
  • Entrepreneurs will receive all reports generated as part of each stage.
The fee covers the following:
  • Stage 1: Internal review charged at R2,000.00
  • Stage 2: Financial Due Diligence charged at R5,750.00
  • Stage 3: Legal Due Diligence charged at R8,050.00
  • Stage 4: Prospectus filing with CIPC charged at R8,050.00
Cost of Capital Raise:

8% excluding VAT is deducted on successful capital raises. This is split accordingly: 1% (one percent)(this amount will not accrue VAT as it is part of the subscription raise) of the proceeds raised from this public offering will be retained by Uprise Fund I to cover the running costs of Uprise Fund, 2% Uprise Management company fee – to ensure legal compliance and judiciary oversight post raise for the first year (after year one the company will need to take on their own post-campaign reporting cost), 5% Uprise.Africa platform- capital raise fee.

Campaign Preparation costs:

As part of live public campaign preparation, Uprise Africa recommends that Entrepreneurs factor in approximately R30 000 – R80 000 for legal costs, video production, professional financial advice, social media ads etc.

Transaction fees:

Transaction fees are charged on investments. EFT fee, R10.00, instant EFT 1.5%, credit/debit card 2.5%, Paypal 5.5%.

How long is the pitch process?

The entrepreneur sets the campaign duration, this can be between 30 and 90 days.

For the full campaign, estimated timing would be approximately 6 months.
Campaign preparation 1-2 months, Campaign run 1-3 months and Shares Issues & Payout 2 – 4 weeks.

When is a shareholder’s certificate issued?

Equity shares are issued once the funding round is closed.

Can I invest if I am not a South African citizen?

Yes. The Financial Advisory and Intermediary Services Act (FAIS) laws don’t distinguish between Local & Foreign investors. However, a Foreign Investor must always adhere to his or her home country’s regulations.

Can I sell my shares once I’ve invested?

Yes . Crowd investors who participate in Crowdfunding Campaigns through Uprise.Africa will be able to trade their Listed Crowd Shares on the ZAR X Trading Platform through Uprise Markets as a Broker.

Approximately how much time will I have to commit to before and during the campaign?

You will need to prepare for at least 2 months before the start of the campaign. During the campaign you will need to be available everyday to answer questions from investors and you will need to be available for select media appearances.

What is FICA?

Financial Intelligence Centre Act 38 of 2001
South Africa introduced FICA in 2001 to help fight financial crimes such as money laundering, the financing of terrorist activities, and to protect banking customers from such crimes. According to FICA, banks must ensure that the customer information that the bank keeps is correct and up to date as it is important for banks to know their customers.

http://www.treasury.gov.za/comm_media/press/2017/20170508%20-%202017%20FICA%20Act%20pamphlet.pdf

What documents are acceptable as proof of residence?

Any one of the following valid documents reflecting your name and physical residential address (except where a credit provider is a subsidiary of Absa, e.g. Woolworths):

  • Utility bill, e.g. municipal water and lights account or property managing agent statement
  • Bank statement from another bank on an official bank document or form
  • Municipal councillor’s letter
  • Tax certificate
  • Recent active lease or rental agreement
  • Municipal rates and taxes invoice not older than 3 months
  • Account statement from a NCR (National Credit Regulator) registered service provider (NCR number must be visible/recorded on the document)
  • Security service providers registered with PSIRA (Private Security Industry Regulatory Authority), e.g.Chubb, ADT (PSIRA number must be visible/ recorded on the document)
  • Telephone or cellular telephone statement
  • Official SARS document (not eFiling documentation)
  • Valid television license renewal letter
  • Television license renewal/confirmation letter
  • Subscription TV, e.g. MultiChoice statement
  • Home loan statement from another financial institution
  • Long/short term insurance policy documents from another Financial Services Provider (FSB number must be visible/recorded on the document)
  • Motor vehicle registration/license documents
  • Body corporate/governing body letter or statement
  • Official employer letter for employees residing on company/ institution premises
  • Official university/technikon/college or tertiary institution registration letter
  • Affidavit to confirm address (only applicable to individuals)
  • Posted traffic fine from a Metro police department (E-toll statements are not accepted)
  • Medical aid statement or policy document (policy number must be visible on the document)
Does the Uprise.Africa community have first option to buy shares off a fellow investor?

You can make this a pre-requisite in the shareholder agreement and only offer the shares when they become available to your community.

What are the expectations from a dividend’s point of view and how is that payout managed?

Crowd investors who participate in Crowdfunding Campaigns through Uprise.Africa will be able to trade their Listed Crowd Shares on the ZAR X Trading Platform through Uprise Markets as a Broker. Each deal is specific and the business can include a commitment in their capital raise or not.

Is Uprise.Africa regulated?

Uprise.Africa is regulated and is compliant with all relevant legislation in South Africa.

How much can I invest?

It depends on the business you want to invest in. They may offer shares for as little as R1000 or as much as R10 000.

Why do I need to register on the platform?

Uprise.Africa is built on long term investment relationships and requires a certain degree of liability from its users. We ask for basic information to ensure we have your details should we need to contact you and to hold you accountable for your activity on the platform.

What is the criteria for applying to run an Equity Crowdfunding campaign?
  • Any industry
  • Raising R500 000 –R50 million. 3mil + is preferred
  • Already generating revenue
  • Have at least one anchor Investor
  • Good returns (10% – 40%+)
  • Strong Team
  • Ideally at least 2 years operational
  • No litigations
Is it possible to use Uprise.Africa for BEE restructuring?

Yes, however you must be willing to give at least 30% for BEE ownership.

What are the benefits of equity crowdfunding for me as an entrepreneur?

You gain access to a community of professional and novice investors who are active and ready to invest should your business idea excite them. This is also an opportunity to market test your product/service and develop a new customer base as your investors become your loyal customers. Your crowdfunding campaign will also increase your online visibility (it literally is a marketing campaign), which will be great for business, potential partners, sponsors, etc. An Equity Crowdfunding campaign, when done right, can give your business a significant boost.

What are the benefits of equity crowdfunding for me as an investor?

Equity crowdfunding collects and pools together a variety of businesses on one platform. These businesses have been vetted to include high quality deal flows with all necessary legal checks and compliance in place. Think of it as your ‘online shop’ for business investment.

How can I protect the confidentiality of my business idea or product?

If you are concerned about the confidentiality of your business/product, you should protect your intellectual property according to South African trademark and patent laws prior to starting your equity crowdfunding campaign. Crowdfunding is a very public way of seeking investment as you’re appealing to the general public to be your potential investors. Uprise.Africa, potential investors, venture capital firms and angel investors will not sign NDAs because they see several similar business plans every year. As a platform, we will treat your information confidentially and will publish content with your permission. However, we do need enough relevant and essential information to display to enable potential investors to make informed investment decisions.

Who can I contact if I still have questions?

Please email info@uprise.africa or call/whatsapp 078 228 4910

What is overfunding?

When a pitch has reached 100% of its funding target the business may choose to overfund. This is where the company can choose to accept further investment in exchange for releasing more equity. Businesses are not required to accept further investment once their funding target has been reached. Anyone who invests while a business is overfunding has exactly the same rights as those who invested before overfunding.

What is equity crowdfunding?

Equity Crowdfunding is an online offering of private company securities to a group of people for investment. Because equity crowdfunding involves investment into a commercial enterprise, it is often subject to securities and financial regulation.

Equity Crowdfunding is also referred to as Crowd-investing, investment Crowdfunding, or Crowd equity.

In South Africa Equity Crowdfunding is a great new opportunity to invest in the growing SME market. It is a mechanism that enables broad groups of investors to fund start-up companies and small businesses in return for equity. Investors give money to a business and receive ownership of a small piece of that business.

If the business succeeds, then its value goes up, as well as the value of a share in that business—the converse is also true.

Coverage of Equity Crowdfunding indicates that its potential is greatest with start-up businesses that are seeking smaller investments to achieve establishment, while follow-on funding (required for subsequent growth) may come from other sources.

Equity Crowdfunding places the power back into the hands of the people by enabling multiple investors to support entrepreneurs through buying equity in their businesses, raising capital alongside multiple sources reduces the investment risk.

Businesses gain validation and build brand awareness through the capital raising process.

What are the eligibility criteria for Equity Crowdfunding through Uprise Africa?

There are two key tenets for successful Crowdfunding:

  1. There needs to be a powerful brand and product story which inspires crowd hearts, (supported by a dynamic team)
  • Our marketing and behavioural gurus will assess the story.
  1. There needs to be equally robust financial reports which secure the heads of the crowd.
  • Submitted financial models and valuations will need to be interrogated by our independent financial analysts to establish viability of the business as an investment case. This may prove challenging for younger businesses without significant track records to pass. To that end, we rely on advice from independent analysts who inform our decision based on strength and reliability of financial projections, industry performance, and capacity of the entrepreneur to deliver on stated objectives.
Is a Pty (Ltd) Company in South Africa authorised to raise funding via Equity Crowdfunding platforms? Is there still a limit on how many shareholders a campaign may have?
  • Private limited companies can raise funding via a crowdfunding campaign. Given the infancy of crowdfunding in South Africa, the current regulations governing Uprise Africa’s operations do not place restrictions on the platform being used as a fundraising platform by Pty (Ltd) companies.
  • The limitation for number of shareholders as per the Companies Act still exists. Uprise Africa is structured in such a way, that the only addition to your CAP Table is Uprise Fund 1, which represents the full crowd of investors in the entity. Uprise Fund 1 is a public unlisted company on ZAR X. The campaign once successful becomes a share class of Uprise Fund 1, which will get listed on ZARX as a ringfenced share class. This listing of share classes will enable crowd investors to have liquidity and trade their shares, without affecting the campaign owner’s business.
Is a Category 1 Financial Services Provider in the South African landscape permitted to obtain funding via Equity Crowdfunding platforms?

If the entity is able to issue shares, and have a listed company as a shareholder, then it would be able to crowdfund for equity on Uprise.Africa.

The only area where this becomes material is in terms of the compliance requirements for the entity to execute its business plan. This will be verified as part of the Financial and Legal due diligence, which forms part of the onboarding process.

Is Crowdfunding currently regulated in South Africa?
While there is no existing regulation that is specific to crowdfunding in South Africa, Companies looking to engage in this type of service are required to comply with the Financial Advisory and Intermediary Services (FAIS) Act. The Uprise.Africa structure is compliant with current relevant legislation, i.e. The Financial Services Conduct Authority and the Companies Acts.
Are there any additional acts to comply with (in addition to the companies act) as a Crowdfunded entity?

The Financial Services Conduct Authority (FSCA) have confirmed that Crowdfunding is not explicitly regulated in South Africa, but some Crowdfunding activities may already be subject to existing legislations besides the Companies Act.

Such legislation would include the Banks Act 31 of 1990; Collective Investment Schemes Control Act 45 of 2002; Financial Advisory and Intermediary Services Act 37 of 2002; Financial Markets Act 19 of 2012 and National Credit Act 34 of 2005. The application of each piece of legislation will depend on the nature of the transaction. For example, the Companies Act 71 of 2008 would be applicable in Equity Crowdfunding transactions while the National Credit Act 34 of 2005 would apply to Loan-based Crowdfunding transactions.

It will also be dependent on the location of the funder and the business or on the entity requesting funding.  This is because different jurisdictions have different requirements for cross-border transactions. In the United States for an example, Congress passed a law called the Jumpstart Our Business Startups Act to loosen restrictions on capital raising for small businesses and embracing of Crowdfunding and this piece of legislation also places limit for US citizens investing in Crowdfunding Platforms that are not regulated by this act.

How does the capital raise work?

This is the step by step process:

  1. Create a user profile on uprise.africa.
  2. Start a pitch and complete the application form.

NB: Please ensure consistent identities (as per Identity documents), Email addresses, and contact details are always used.

  1. Once the form is approved by our inhouse team the entrepreneur will be contacted for a free consultation which will inform the decision of whether a business is ideal and ready for onboarding.

Entrepreneurs are provided with onboarding documents which provide detailed information on the onboarding process and the campaign journey along with associated costs.

  1. After onboarding Uprise will conduct a legal and financial due diligence on the business seeking funding, with the support of specialist analysts. Uprise.Africa may help set a funding goal between R500 000 and R50 000 000.
  2. The campaign build is initiated after financial and preliminary due diligence processes have been passed.
  3. Completion of the campaign building process will pave way for the initiation of the crowdfunding campaign.

We always suggest that 20-30% is raised offline on a Private Raise from Friends and Family so once the campaign is live and publicly marketed, crowd FOMO kicks in due to the interest already displayed.

How much does it cost?
Onboarding Fee:

Uprise.Africa charges an initial fee which is triple tiered depending on the funding goal. See as below:

For campaigns between:

R3M — R5M R25 000

R5M — R10M R50000

R10M and above R75000

All fees are stated exclusive of VAT (15%)

The Onboarding fee covers the following:
  • Stage 1: Internal Consultations and Review
  • Stage 2: Financial Due Diligence
  • Stage 3: Legal Due Diligence
  • Entrepreneurs will receive all reports generated as part of each stage.
Cost of Capital Raise:

8% excluding VAT is deducted on successful capital raises.

This is split accordingly:

  • 1% (one percent)(this amount will not accrue VAT as it is part of the subscription raise) of the proceeds raised from this public offering will be retained by Uprise Fund I to cover the running costs of Uprise Fund
  • 2% Uprise Management company fee – to ensure legal compliance and judiciary oversight post raise for the first year (after year one the company will need to take on their own post-campaign reporting cost)
  • 5% Uprise.Africa platform- capital raise fee.
Campaign Preparation costs:

As part of live public campaign preparation, Uprise.Africa recommends that entrepreneurs factor in approximately R150 000 – R200 000 for legal costs, video production, professional financial advice, social media ads etc.

Transaction fees:

Transaction fees are charged on investments. EFT fee, R10.00, instant EFT 1.5%, credit/debit card 2.5%, Paypal 5.5%.

How long is the campaign pitch process?

The entrepreneur together with Uprise.Africa sets the campaign duration, this can be between 30 and 90 days.

For the full campaign, estimated timing would be approximately 6 months. Campaign preparation 1-2 months, Campaign run 1-3 months and Shares Issues & Payout 2 – 4 weeks.

Approximately how much time will I have to commit to before and during the campaign?

Up to 2 months preparation is needed for the start and build of the campaign. While the campaign is ‘live’ daily availability of the entrepreneur is essential to:

  • Drive remarketing and outbound call responses (we supply CRM reports).
  • Answer any questions from investors and media.
What are the benefits of Equity Crowdfunding for me as an entrepreneur?

Access is gained to a community of professional and novice investors who are active and ready to invest should the business idea excite and interest them.

This is also an opportunity to market test the brand/product/service and develop a new customer base as investors become loyal customers.

The Crowdfunding Campaign will also increase online visibility (it literally is a marketing campaign), which will be great for business, potential partners, sponsors, etc.

An Equity Crowdfunding Campaign, when done right, can give the business a significant boost.

Who can I contact if I still have questions?

Please email entrepreneur@uprise.africa or info@uprise.africa. Alternatively, call 010 446 9905.

What is Equity Crowdfunding?

Equity Crowdfunding is an online offering of private company securities to a group of people for investment. Because equity crowdfunding involves investment into a commercial enterprise, it is often subject to securities and financial regulation.

Equity Crowdfunding is also referred to as Crowd-investing, investment Crowdfunding, or Crowd equity.

In South Africa Equity Crowdfunding is a great new opportunity to invest in the growing SME market. It is a mechanism that enables broad groups of investors to fund start-up companies and small businesses in return for equity. Investors give money to a business and receive ownership of a small piece of that business.

If the business succeeds, then its value goes up, as well as the value of a share in that business—the converse is also true.

Coverage of Equity Crowdfunding indicates that its potential is greatest with start-up businesses that are seeking smaller investments to achieve establishment, while follow-on funding (required for subsequent growth) may come from other sources.

Equity Crowdfunding places the power back into the hands of the people by enabling multiple investors to support entrepreneurs through buying equity in their businesses, raising capital alongside multiple sources reduces the investment risk.

Businesses gain validation and build brand awareness through the capital raising process.

How does investing work?

Whether a novice or professional and seasoned Investor, you are able to sign up on the Uprise.Africa website and become a shareholder. You will need to be 18 years and older, otherwise you will need a guardian to apply on your behalf.

When signing up, please be sure to ensure that your full name and identity is as per your identity document. Also please ensure to you use 1 (one) primary email address, where all communication will be sent. It is also not possible at a later stage to switch your identity for FICA reasons i.e. register as an individual investor and then later change the investment details to that of your company or trust.

The next step is to upload one’s FICA documentation, select the amount to be invested, and transfer the funds. The funds are held in a trust account until the campaign closes.

If at campaign close, the funding round is successful then the business receives the funds, you will be issued shares, and you will be a shareholder of a South African business. If the campaign is not successful i.e. the ‘Tipping Point’ is not reached, then the funds will be deposited into an Uprise wallet.

Upon request the amount may be returned less the bank charges or transaction fees (EFT fee, R10.00, instant EFT 1.5%, credit/debit card 2.5%, Paypal 5.5%).

Can I invest if I am not a South African citizen?

Yes. The Financial Advisory and Intermediary Services Act (FAIS) laws don’t distinguish between Local & Foreign investors. However, a Foreign Investor must always adhere to his or her home country’s regulations e.g. The USA has stringent regulations which prohibit their citizens in investing on crowdfunding platforms not regulated in the USA.

It is the international investor’s responsibility to declare their shares in their respective tax jurisdictions.

We still need to issue annual tax certificates; but we do not need to have their tax number on the certificate.

Any capital gain realised on the selling of shares are usually taxable in the foreign jurisdiction but it also depends on the DTA. There is no impact however for Uprise Africa. The only impact is on dividends which Uprise Africa pays on behalf of its shareholders. There is a rate payable on distributed profits.

Is Uprise.Africa regulated?

Uprise Markets is a registered and authorised Financial Services Provider (no. 46236) and is regulated by the Financial Advisory and Intermediary Services Act No. 37 of 2002.

Uprise Markets has been appointed as the promoter of Uprise.Africa.

How is the investment structured?

Uprise Fund 1 is a public unlisted company on Z ARX. The campaign once successful becomes a share class of Uprise Fund 1, which upon approval by the entity might get listed on ZARX as a ringfenced share class.

If this decision is made by the entity then this listing of share classes will enable crowd investors to have liquidity and trade their shares, without affecting the campaign owner’s business.

When is a shareholder’s Certificate issued?

Equity shares are issued once the funding round is closed and all prospectus and share registry has been closed.

What is FICA?

Financial Intelligence Centre Act 38 of 2001

South Africa introduced FICA in 2001 to help fight financial crimes such as money laundering, the financing of terrorist activities, and to protect banking customers from such crimes. According to FICA, banks and other accountable institutions must ensure that the customer information that they keep is correct and up to date as it is important for these institutions to know their customers.

What Documents are acceptable as proof of Residence?

Anyone of the following valid documents reflecting your name and physical residential address (except where a credit provider is a subsidiary of Absa, e.g. Woolworths):

– Utility bill, e.g. municipal water and lights account or property managing agent statement

– Bank statement from another bank on an official bank document or form

– Municipal councillor’s letter

– Tax certificate

– Recent active lease or rental agreement

– Municipal rates and taxes invoice not older than 3 months

– Account statement from a NCR (National Credit Regulator) registered service provider (NCR number must be visible/recorded on the document)

– Security service providers registered with PSIRA (Private Security Industry Regulatory Authority), e.g. CAP, ADT (PSIRA number must be visible/ recorded in the document)

– Telephone or cellular telephone statement

– Official SARS document (not e Filing documentation)

– Valid television license renewal letter

– Television license renewal/confirmation letter

– Subscription TV, e.g. MultiChoice statement

– Home loan statement from another financial institution

– Long/short term insurance policy documents from another Financial Services Provider (FSB number must be visible/recorded on the document)

– Motor vehicle registration/license documents

– Body corporate/governing body letter or statement

– Official employer letter for employees residing on company/ institution premises

– Official university/technikon/college or tertiary institution registration letter

– Affidavit to confirm address (only applicable to individuals)

– Posted traffic fine from a Metro police department (E-toll statements are not accepted)

– Medical aid statement or policy document (policy number must be visible in the document)

How does a Shareholder sell their Shares?

Shares are kept in a digital register with Computershare, our central share depositary partners.

Uprise Africa has entered into a Joint Venture with ZAR X, which is a licensed stock exchange in South Africa. This offers entrepreneurs a unique opportunity to list shares on the stock exchange while retaining their status as a private company.

The Parties have identified a further opportunity to the extent that if the desired Crowdfunding target is not achieved, a secondary offering of shares in the campaign is conducted through a Listing of the remaining available Crowd Shares on the ZAR X Trading Platform with the aim to raise sufficient funds to cover the Crowdfunding Shortfall.

The capital raise is through an Uprise Fund Public Company, which means there is no restriction on share sales. Through the ZAR X relationship shareholders can publicly sell their shares amongst themselves or to the general public.

Please note that the listing of a successful campaign on the ZARX is subject to approval of the Board members (entrepreneur), the Uprise Fund 1 Board and the ZARX Board and meeting all listing requirements as required by the regulations.

The entrepreneur can make this a pre-requisite in the shareholder agreement and only offer the shares when they become available in their shareholder community.

How do dividends get paid out?

There is no defined dividends expectation. Each deal is specific, and one can include a commitment in one’s capital raise or not.

Regarding pay out, Uprise.Africa will manage the process for you through Computershare, our company secretariat partners.

How much can I invest?

It depends on the business one wants to invest in. Shares may be offered for as little as batches of R1000. There is no ceiling to the level of investment.

What are the benefits of Equity Crowdfunding for me as an Investor?

Equity Crowdfunding collects and pools together a variety of businesses on one platform. These businesses have been vetted to include high-quality deal flows with all necessary legal checks and compliance in place. Think of it as an ‘online shop’ for business investment.

Why do I need to register on the platform?

Uprise.Africa is built on long-term investment relationships and requires a certain degree of liability from its users. We ask for basic information to ensure we have your full details should we need to contact you and to verify your activity on the platform.

This further reinforces the importance of consistent use of full name/primary email address so as to receive all communications.

When could an Investor realistically see a return?

Investing in equity (also referred to as shares) on Uprise.Africa does not involve a regular return on your investment.

Equity Crowdfunding collects and pools together a variety of businesses on one platform. These businesses have been vetted to include high quality deal flows with all necessary legal checks and compliance in place. Think of it as your ‘online shop’ for business investment.

A return on investment will always be determined by the growth of the business over time.

What are the frequency of returns and are they guaranteed?

There are no defined returns expectations when it comes to equity crowdfunding investments.

Each campaign raise is specific and the underlying business would need to include a commitment on capital raise campaign that answers to the returns expectations on the investment they receive from the Crowd.

Although all due diligence and care is taken by Uprise.Africa when on-boarding all fundraising businesses onto our platform, Equity Crowdfunding investments in their nature are a highly risky investment strategy, as in most cases we invest in early stage businesses and start-ups, therefore investors may lose all or a part of their investment, should the underlying business be unsuccessful.

Therefore, only invest what you are willing to lose and build a diversified portfolio to spread risk and increase the possibility of an overall return on your investment capital.

What are the risks of investing in Equity Crowdfunding?

Equity crowdfunding investments can be very rewarding but they come with the associated risks and challenges. These risks include dilution, illiquidity, loss of investment and rarity of dividends.

Investors need to read and understand all risk associated with the underlying business to ensure you are familiar with all terms of the investment.

*Uprise.Africa is not required by South African Law to vet and filter investors, and the Investor acknowledges that Uprise.Africa will not be held liable for any information or misinformation given by the Investor.

If you are a foreign Investor, it is your responsibility to seek appropriate legal, financial and tax advice to ensure that you are lawfully allowed to purchase shares in Uprise.Africa.

What are the tax implications of investing through Uprise.Africa?

An asset is purchased in the form of shares. You will need to speak to your tax advisor if you are unsure as to the taxation requirements of owning an asset in South Africa.

An asset is sold in the form of shares. You will need to speak to your tax advisor if you are unsure as to the taxation requirements of owning an asset in South Africa.

International Investors can invest in shares on Uprise.Africa as long as they have a local South African bank account.The asset needs to be declared to SARS. Each shareholder will need a proof of purchase reflecting the number of shares purchased, the monetary value of the shares and their details (legal names, ID, address and contact number).

The tax implications will depend on the investor’s intention: should it be of a speculative nature any gain would attract income tax; capital investment will attract Capital Gains Tax.

Any dividends will attract dividend tax in SA – currently the rate is 20% – note that SA Companies are exempt from DT.

A subscription of shares will not attract STT but should the shares be transferred from one shareholder to another STT of 0.25% will be payable.

Uprise.Africa through its CSD partners Computershare will supply each shareholder an Annual Tax Certificate, reflecting the shares and any dividends.

Who can I contact of I still have questions?

Please email info@uprise.africa or call +27 104 469905.

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