“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]