“foreign donor funded project” means a project established in terms of an official development assistance agreement to supply goods or services to beneficiaries, to which the government of the Republic is a party, and which-

(a)     is binding on the Republic in terms of section 231(3) of the Constitution of the Republic of South Africa, 1996;

(b)     provides that the international donor funding must not be subject to tax; and

(c)     has been approved by the Minister of Finance as a foreign donor funded project for the purposes of the definition;

[Definition of “foreign donor funded project” inserted by section 101(c) of Act 31 of 2005 and substituted by section 77(c) of Act 20 of 2006 and by section 66(1)(b) of Act 34 of 2019 effective on 1 April, 2020]