“listed share” means any share or depository receipt in a company that is listed on an exchange;

[Definition of “listed share” inserted by section 137 of Act 25 of 2015 effective on 8 January 2016]

“lowest price” means the lowest price, on the date of the transaction or other manner of acquisition of a listed security, at which that security was traded on the exchange on which it is listed, as determined by that exchange on each day on which trade in that security occurs on that exchange: Provided that where that security was not traded on the date of the transaction or other manner of acquisition, the lowest price of that security must be regarded as being the lowest price on the last business day, preceding the date of the transaction or other manner of acquisition, on which that security was traded on that exchange;

“member” means any person who is an ‘authorised user’ as defined in section 1 of the  Financial Markets Act providing such security services as the rules of the exchange permit including services in respect of the buying and selling of a listed security;

[Definition of “member” substituted by section 110 of Act 43 of 2014 effective on 3 June 2013]

“Minister” means the Minister of Finance;

“participant” means a person that holds in custody and administers a listed security or an interest in a listed security and that has been authorised in accordance with section 31 of the Financial Markets Act by a central securities depository as a participant in that central securities depository;

[Definition of “participant” substituted by section 110 of Act 43 of 2014 effective on 3 June 2013]

“person” includes –

(a)     any sphere of the Government of the Republic;

(b)     any body of persons (incorporated or unincorporated);

(c)     the estate of any deceased or insolvent person;

(d)     any trust fund; and

(e)     any portfolio comprised in any collective investment scheme in securities contemplated in Part IV of the Collective Investment Schemes Control Act, 2002 (Act No. 45 of 2002);

“prescribed rate”, in relation to any interest payable in terms of the Securities Transfer Tax Administration Act, 2007, means such rate as the Minister may fix from time to time by notice in the Gazette in terms of section 80(1)(b) of the Public Finance Management Act, 1999 (Act No. 1 of 1999): Provided that where the Minister fixes a new rate in terms of that Act, that new rate applies for the purposes of the Securities Transfer Tax Administration Act, 2007, from the first day of the second month following the date on which that new rate came into operation;

“Republic” means the “Republic” as defined in section 1 of the Income Tax Act;

“security” means –

(a)     any share or depository receipt in a company; or

[Paragraph (a) amended by section 145 of Act 24 of 2011 effective on 1 April 2012]

(b)     any member’s interest in a close corporation,

[Paragraph (b) amended by section 145 of Act 24 of 2011 effective on 1 April 2012]

(c)     ……….

[Paragraph (c) deleted by section 145 of Act 24 of 2011 effective on 1 April 2012]

excluding the debt portion in respect of a share linked to a debenture;

“tax” means the tax payable in terms of this Act;