‘listed debt’ means any debt that is listed on a recognised exchange as defined in paragraph 1 of the Eighth Schedule.

[Section 50A inserted by section 98(1) of Act 31 of 2013 and amended by section 31(1)(a) of Act 20 of 2021]

“interest” means interest as contemplated in paragraph (a) or (b) of the definition of “interest” in section 24J(1), but does not include an amount of interest that is deemed to be a dividend in specie in terms of section 8F(2) or 8FA(2);

[Definition of “interest” inserted by section 70(1) of Act 25 of 2015 and substituted by section 31(1)(b) of Act 20 of 2021 effective on 1 January, 2022 and applicable in respect of amounts paid on or after that date]

‘Industrial Development Corporation’ means the Industrial Development Corporation of South Africa Limited, registered in terms of the Industrial Development Corporation Act, 1940 (Act No. 22 of 1940);

‘foreign person’ means any person that is not a resident;

‘Development Bank of Southern Africa’ means the Development Bank of Southern Africa Limited, incorporated in terms of the Development Bank of Southern Africa Act, 1997 (Act No. 13 of 1997);

‘bank’ means any-

(a)     any bank or branch as defined in section 1 of the Banks Act respectively;

[Paragraph (a) substituted by section 64 of Act 43 of 2014 effective on 1 March 2015 – comes into operation in terms of section 64 of Act 43 of 2014 as substituted by section 153 of Act 25 of 2015]

(b)     mutual bank as defined in section 1 of the Mutual Banks Act, 1993 (Act No. 124 of 1993); or

(c)     co-operative bank as defined in section 1 of the Co-operative Banks Act, 2007 (Act No. 40 of 2007);