‘substitutive share-for-share transaction’ means a transaction between a person and a company in terms of which that person disposes of an equity share in the form of a linked unit in that company and acquires an equity share other than a linked unit in that company.

[Definition of ‘substitutive share-for-share transaction’ substituted by section 92 of Act 31 of 2013 effective on 24 October 2013 – comes into operation in terms of section 92 of Act 31 of 2013 as substituted by section 124 of Act 43 of 2014]