“Share Blocks Control Act” means the Share Blocks Control Act, 1980 (Act No. 59 of 1980);

[Definition of “Share Blocks Control Act” inserted by section 1 of Act 43 of 2014 effective on 20 January 2015]

“identical share” means in respect of a share-

(a)     a share of the same class in the same company as that share; or

(b)     any other share that is substituted for a listed share in terms of an arrangement that is announced and released as a corporate action as contemplated in the JSE Limited Listings Requirements in the SENS (Stock Exchange News Service) as defined in the JSE Limited Listings Requirements or a corporate action as contemplated in the listings requirements of any other exchange, licensed under the Financial Markets Act, that are substantially the same as the requirements prescribed by the JSE Limited Listings Requirements, where that corporate action complies with the applicable requirements of that exchange;

[Paragraph (b) substituted by section 5(1)(f) of Act 15 of 2016, by section 1(1)(f) of Act 23 of 2018 and by section 2(1)(d) of Act 34 of 2019]

[Definition of “identical share” inserted by section 3 of Act 25 of 2015 effective on 1 January 2016]

“identical security” means in respect of a listed security, as defined in the Securities Transfer Tax Act, 2007 (Act No. 25 of 2007), that is the subject of a securities lending arrangement-

(a)     a security of the same class in the same company as that security; or

(b)     any other security that is substituted for that listed security in terms of an arrangement that is announced and released as a corporate action as contemplated in the JSE Limited Listings Requirements in the SENS (Stock Exchange News Service) as defined in the JSE Limited Listings Requirements;

[Definition of “identical security” inserted by section 3(1)(h) of Act 25 of 2015 effective on 1 January, 2016. Paragraph (b) substituted by section 5(1)(e) of Act 15 of 2016 and by section 1(1)(d) of Act 20 of 2022]

“Financial Services Board Act” ……….

[Definition of “Financial Services Board Act” inserted by section 1 of Act 43 of 2014 and deleted by section 1 of Act 23 of 2018 effective on 1 April 2018]

“Financial Services Board” ……….

[Definition of “Financial Services Board” inserted by section 1 of Act 43 of 2014 and deleted by section 1 of Act 23 of 2018 effective on 1 April 2018]

“Estate Duty Act” means the Estate Duty Act, 1955 (Act No. 45 of 1955);

[Definition of “Estate Duty Act” inserted by section 1 of Act 43 of 2014 effective on 20 January 2015]

“collateral arrangement” means a collateral arrangement as defined in section 1 of the Securities Transfer Tax Act, 2007 (Act No. 25 of 2007);

[Definition of “collateral arrangement” inserted by section 3 of Act 25 of 2015 effective on 1 January 2016]

“Financial Markets Act” means the Financial Markets Act, 2012 (Act No. 19 of 2012);

 “foreign investment entity” means any person other than a natural person-

(a)     that is not incorporated, established or formed in the Republic;

(b)     the assets of which consist solely of a portfolio of one or more of the following:

(i)      amounts in cash or that constitute cash equivalents;

 

(ii)     financial instruments that-

 

(aa)   are issued by a listed company or by the government of the Republic in the national, provincial or local sphere; or

 

(bb)   if not issued by a listed company or by the government of the Republic in the national, provincial or local sphere, are traded by members of the general public and a market for that trade exists;

 

(iii)    financial instruments, the values of which are determined with reference to financial instruments contemplated in subparagraph (ii); or

 

(iv)    rights to receive any asset contemplated in subparagraph (i), (ii) or (iii),

 

which amounts, financial instruments and rights are held by that person for investment purposes;

(c)     where no more than 10 per cent of the shares, units or other form of participatory interest in that person are directly or indirectly held by persons that are residents; and

(d)     where that person has no employees and has no directors or trustees that are engaged in the management of that person on a full-time basis;