We Are

a strategic private equity platform that owns and grows a portfolio of prime hospitality assets

Our Aim

is to deliver attractive risk-adjusted returns for the long-term

Our Strategy

is clearly defined and simple to understand

“Proudly local” and “world-class” can live in the same sentence.

12CAPE owns a growing portfolio of prime property assets in tourist hotspots in Cape Town.
We buy prime properties at attractive bulk pricing to amplify capital growth.
Latitude Aparthotels is our hospitality brand.

“Proudly local” and “world-class” can live in the same sentence.

12CAPE owns a growing portfolio of prime property assets in tourist hotspots in Cape Town.
We buy prime properties at attractive bulk pricing to amplify capital growth.
Latitude Aparthotels is our hospitality brand.

Latitude Aparthotels is an exciting hospitality model that is showing travellers a better way to stay. Apartments are proudly furnished with world-class furniture from local producers and art from upcoming local artists. These commissions have provided countless local jobs and offer ongoing opportunities to the community.

The Latitude Aparthotel Sea Point is the leading Aparthotel in Cape Town.

STAY WITH US!

We own a unique and world class hospitality portfolio, which investors can use on preferential terms. Contact 12CAPE for your promotional code.

To book a stay, visit
www.staylatitude.co.za

Our Team

The team has extensive institutional fund investment experience in relevant asset classes. Collectively we have lived in the targeted investment area for over 80 years. We also work here and visit our assets daily. The team and family are significant investors in 12CAPE. We are fiercely independent.

Chris Derksen

Executive Director 12Cape

B.Comm. (Maths), B.Sc.(Hons) (Computer Science), MA(Econ) (Cambridge)

Goldman Sachs & Investec Asset Management. Public Property Funds, Private Property Funds, Private Equity, Public Equity, South Africa and beyond. Chairman, University of Cape Town Private Equity Advisory Committee & Badawi Scholarship Fund.

Hugo Venter

Executive Director 12Cape

B.Accounting (RAU), B.Accounting (Hons) (UNISA), CA(SA)

PWC & UBS. European Hedge Fund coverage. Fixed Income, FX, Equities, Prime Brokerage, Exchange Traded Derivatives.

Francois van Zyl

Executive Director 12Cape

B.Accounting (Stellenbosch), B.Accounting (Hons) (UNISA), CA(SA), CFA

Nolands Chartered Accountants, Investec Bank, Investec Asset Management, Acorn Private Equity. Global Equity Analyst, Private Equity Transactional Advisory.

Jana Kotze

Operations Associate

LLB (Stell), School for Legal Practice (Law Society of South Africa)

Formerly at Emirates Airlines and Candidate Attorney training programme at Werksmans Attorneys.

Jaap du Toit

Non Executive Director 12Cape

CA(SA), CTA, CFA

Co-founded PSG Group and PSG Konsult. Previously board member of PSG Group & chairman of PSG Konsult. Currently board member of PSG Konsult and chairman of KAP Industrial Holdings Limited.

Dr. Albertus Marais

Non Executive Director 12Cape

B.Accounting(Stell),MComm.(Tax)(UCT),CA(SA), LLD (Stellenbosch), Advocate of the High Court of South Africa, SARS Tax Practitioner

Alternate director of Trans Hex Group Ltd. Director at AJM Tax where he consults on tax-related matters. Also completed an Advanced Certificate in Taxation (cum laude) at UP

Martin Mbetse

Independent Non Executive Director, 12Cape

B.Comm (Economics & Finance) (University of Witwatersrand)

Merrill Lynch (Investment Banking, London and Johannesburg), Investec (Investment Banking), IDG (Private Investment Firm). Martin has over 15 years experience in finance, covering mergers and acquisitions, private investments, debt capital markets, Proprietary equity deals across Africa in resources, real estate and financial services.

Lesego Majatladi

Latitude Aparthotels Managing Director

Bachelor of Arts (Politics, Philosophy and Economics) UNISA

Extensive experience in the Media, Marketing and Entertainment industries servicing diverse clients. Local Organising Committee for 2010 World Cup, MNET, SABC, SABMiller and Nestle. Sales & Marketing experience in the Tourvest group. Lesego is also the Chairperson of the Hotel segment on the FEDHASA Western Cape Board.

Why invest with 12CAPE?

We have a clear long-term strategic direction: We have created an investment vehicle for investors to gain exposure to a highly attractive asset class and hospitality model that was previously inaccessible due to the quantum of investment required, while making a tangible difference in the local economy.

Our Approach

Section 12J: Investor implications

12Cape Limited is a SARS approved Section 12J Venture Capital Company (0092) & Authorised FSP (48880). In terms of Section 12J an investor may deduct their investment in 12CAPE from their taxable income in the year the investment is made*. This tax deduction equates to an immediate cash benefit of up to 45% (at the maximum marginal tax rate).

As a result, investor returns are enhanced without a commensurate increase in risk. The amount by which returns are enhanced is a function of each investor’s average tax rate. For the deduction to become permanent the investor must hold their 12CAPE shares for at least 5 years, and upon disposal of the investment capital gains tax will be calculated using a zero base cost.

The deduction is limited to R2.5m per individual / trust and R5m per company per year.

When investing in a Section 12J company, have comfort around:

The underlying investment strategy, and the team’s appreciation for the underlying risk / return profile.

The qualifications, reputation and experience of the investment team.

The fees charged to investors - they should be transparent and fair to all stakeholders

Further reading:
- A guideline published by SARS here, which describes the specific allowance for investment in Hotelkeepers
- An article on the development of Section 12J Venture Capital Companies written by our Non Executive Director, Dr. Albertus Marais, here
- For a more detailed summary of the 12CAPE offering please click here

Interested investors are also welcome to research similar regimes internationally as we have done, most notably the “EIS” and “VCT” regimes which have been employed in the UK for many years. *Each investor must obtain their own tax advice to ensure they qualify for a deduction in terms of Section 12J.

Become a
shareholder
in 12CAPE

12CAPE is an open-ended permanent capital vehicle with an indefinite time horizon. Protect and grow your capital for the long-term in addition to receiving the immediate cash benefits of a tax deduction and annual dividend income. Exit and liquidity options are available for investors that do wish to dispose of their shares.

INVESTMENT PROCESS:

Step 1
Familiarise yourself with the contents of this website.

Step 2
Register your interest by contacting us.

Step 3
Receive an Investment Memorandum from us.

Step 4
We will contact you to confirm your interest and complete the process
(Last date for investment is the 30th of June 2021)

You are welcome to arrange a call with the 12CAPE team at any time (info@12cape.com), or visit the assets at www.staylatitude.co.za)

Investments made on or before the 30th of June 2021 may be deductible from your taxable income for the year ended February 2022 in terms of Section 12J of the Income Tax Act. Please confirm deductibility with your own tax advisor and ensure that your investment reflects accurately in your tax return.

New Investor Existing Investor

Hello

Call us on +27 21 286 2738

or contact Hugo Venter on +27 (079) 922 6869

Email us at info@12cape.com

Visit us at Latitude:
Cnr Kings Road and Regent Road, Sea Point, Cape Town or our offices in Sea Point: Unit 303, The Regent Building, 33 Regent Road, Sea Point, Cape Town