Solar energy is becoming increasingly popular with commercial and residential users, who are looking for alternatives to carbon‑based electricity supplied by South African utilities. Electricity in South Africa is becoming more expensive each year with regular double-digit tariff increases. In comparison, the technology improvements and reduction in cost of alternatives, particularly in the solar photovoltaic (PV) space, has resulted in solar energy solutions becoming more cost efficient to the end‑user. More and more end‑users are now turning to the alternative space to reduce costs and cut emissions. The solar industry continues to experience unprecedented growth due to this movement away from carbon‑based electricity supply. Bright Light Solar now also offers hot water solutions as well as atmospheric water generation for our customers. Bright Light Solar VCC Ltd is a registered S12J Venture Capital Company (FSB license no 47804) in terms of the Income Tax Act (SARS VCC reference number VCC-0060). S12J of the Income Tax Act allows investors to deduct the full cost of their investment against their taxable income, thereby obtaining a full tax write-off for their investment capital. As long as the investment is held for a period of 5 years or longer, there is no recoupment of this tax deduction. Benefits of the Bright Light Solar VCC structure to Investors: The tax deduction of capital invested; A fully managed process with no involvement required from the Investor; Semi-Annual dividend paid from year 1; Ongoing dividend for 25 years; Targeted year 1 dividend of 8.4%, growing annually; Targeted IRR of 17.5% after tax return; and The ability to trade investment after 5 years. Any individual, corporate entity or Trust, as a registered taxpayer in South Africa, automatically qualifies to invest in an approved S12J Venture Capital Company.