Fast facts about aziza coins and Alumni Energy Investments

During the initial coin offering no more than 500 million aziza coins will be allocated to venture capital investors in Alumni Energy Investments and approved UK companies. So far R10-million has been raised for Alumni in South Africa. Any profits made on the cryptocurrency will be declared to the South African Revenue Service. Shakes Motsilili, founder of Alumni Energy Investments, says currently cryptocurrencies are unregistered and if you make money on them it will sit in a wallet in a foreign currency. If you bring the currency back to South Africa, you will have to declare it. The minimum investment in Alumni Energy Investments is R10 000. There is an annual management fee of 2.5% as well as transactional costs associated with the ethereum smart contract on which the aziza coin exists.