WE ALSO ENABLE INVESTORS TO #InvestInTheDream
PROTOUCH™ announced at the beginning of the 2020 financial year its #InvestInTheDream Campaign – the ability for investors [passionate about high performance sport, such as road cycling] to invest in the further development and management of this platform and access a South African Impact Fund asset class while, maximising their tax allowance under Section 12J of the Income Tax Act.
By leveraging the South African National Treasury-approved Section 12J Investment Channel, investors (companies and individuals) are able to deduct 100% of the investment from their total income in the year that the investment is made. Investors benefit from both the tax deduction and, a return on their full investment.
PROTOUCH™ is an approved project of ANUVA PRIVATE EQUITY LTD, registered with SARS as a Venture Capital Company in terms of section 12J of the Income Tax Act under reference number VCC 0137. Anuva Private Equity Ltd is also licensed as a financial services provider in terms of Section 8 of FAIS under license number 48519.
TO FIND OUT MORE, get in touch with us on +27 83 656 4632 or email@example.com
WHERE DID IT ALL BEGIN?
It was back in 2016 that several first year U23 South African riders found themselves effectively without teams. Financial backing was becoming increasingly hard to find, the knock-on effect being little growth and opportunity in the club teams.
Enter PROTOUCH™, a new and self-funded team set up to cater for U23 South African road cycling talent. With the vastly experienced Tony Harding at the helm, our self-funded team set out with a singular focus: to enable South African riders to perform. And how this goal has manifested itself.
In its first three years, PROTOUCH™ went from strength to strength, culminating in overall victory at the 2018 SA Road Cycling Series and countless other domestic racing victories. Seven PROTOUCH™ riders were selected for National Team duty that year, and the Team achieved four podium finishes in the toughest of African stage races – the Tour du Rwanda.
Despite this home ground success, it was clear that focussing solely on South African racing was not preparing our athletes for international racing. Local events cater primarily for mass-participation and, shorter racing distances. Coupled with the limited spectator value and media coverage, attracting sponsorship and investment was still proving to be difficult.
The unsustainable Federation model, was also impacting on National Team participation, as these too remain self-funded by selected athletes and/or teams. So, we embarked on something much bigger.
“In 2019, we launched a WINNING TEAM – around a core of South African riders – with the aim to be the best Continental Team in Africa”.
In 2019, we registered a Continental Team and started competing alongside top African, Asian, American and European Continental and Pro Continental Teams.
Competing in twenty UCI events, in thirteen countries on four continents we completed over 11 500km of racing. Moving into the Number One Team in Africa by June 2019.
OUR 2020 SEASON… UNTIL COVID-19!
We were lucky enough to participate in three international UCI Tours before COVID-19 halted our 2020 season, these included: a return to Gabon – Tropicale Amissa Bongo, [UCI 2.1] which we completed with four Top 10 stage and seven Top 20 stage and, two Top 15 General Classification finishes.
With the goal of a podium, at the South African National Championships, we brought home two podiums – both 3rd places alongside World Tour riders – in both the Road Race and Individual Time Trials and, four of our riders finishing in the Top 10 [Road Race and Individual Time Trial events].
We then headed back to Africa’s Toughest Tour, Tour du Rwanda [UCI 2.1] concluding this with a 4th Place in the General Classification and, six Top 10 stage and three Top 20 stage finishes. Our final Tour before lockdown, was Tour de Taiwan, where the Team finished off with five Top 20 places.