Sanlam Alternative
Income Fund

Tax efficient alternative to conventional money market funds.

Fund Overview

Since 2007, SAIF has been a top choice for sophisticated investors, consistently outperforming its after-tax benchmark over the long term. With a portfolio predominantly invested in dividend-yielding redeemable preference shares, it offers tax efficiency and 24-hour liquidity. Ideal for high-net-worth individuals, trusts and companies seeking a tax-efficient alternative to a conventional money market fund.

  • Fund rated AA- by Global Credit Ratings Co (Pty) Ltd
  • Target constant unit price: R1.00
  • 24-hour liquidity

Target Allocation

0 %
dividend yielding redeemable preference shares
0 %
money market funds

Target Total Return Composition

0 %
dividends
0 %
interest

Suitable Investors

Suitable investors include high net worth individuals, trusts and companies with a short-term investment horizon, looking for liquidity and more tax-efficient returns than those offered by money market funds.

Launch Date

May 2007

Risk Profile

Time Horizon

1+ Month

Benchmark

Exceed After-tax return on the SIM Money Market Fund

Ora Pref Issuer Platform

The Ora Pref Issuer Platform will comprise of a number of insolvency-remote, ring-fenced special purpose investment companies. The objective of each issuer is to issue various classes of Preference Shares and utilise the subscription proceeds in respect of a particular class of Preference Shares to make “Reference Investments”. Each class of Preference Shares will be directly linked to, and have limited recourse to, the nominated Reference Investment made.

Each issuer will be 100% held by TBI Strategic Partners (Pty) Ltd and the issuer’s ordinary shares will be listed on the South African Equity Express Securities Exchange. The investment manager of each issuer will be TBI Investment Managers (Pty) Ltd. The fiduciary services required by each issuer will provided by TMF Corporate Services (South Africa) (Pty) Ltd, which will appoint an independent non-executive director, and as part of its fiduciary services it will provide custodian, company secretarial and administration services and act as transfer agent and payment agent.

The first issuer on the platform is Ora Pref Issuer One (RF) (Pty) Ltd, registered in the Republic of South Africa under number 2022/767242/07.

The second issuer on the platform is Ora Pref Issuer Two (RF) (PTY) Ltd, registered in the Republic of South Africa under number 2023/603098/07.

Corporate Information

The following corporate information of Ora Pref Issuer One (RF) (Pty) Ltd and Ora Pref Issuer Two (FR) (Pty) Ltd is available for inspection at its offices, Office L7-002, The View, 43 Old Oak Road, Tygervalley Health Care Centre, Bellville, 7530 at any time during normal business hours from 08:30 to 17:00 on business days or can be accessed by clicking on this link.

  • Memorandum and Articles of Association;
  • Listing Circular
  • Private Placement Statement
  • Compliance Certificate in respect of listing
  • Financial Information
  • Audited Annual Financial Statements for the financial year ended 31 March 2023