“REIT” means a company-

(a)     that is a resident; and

 

(b)     the equity shares of which are listed—

(i)      on an exchange (as defined in section 1 of the Financial Markets Act and licensed under section 9 of that Act); and

(ii)     as shares in a REIT as defined in the listing requirements of that exchange approved in consultation with the Director-General of the National Treasury and published, after approval of those listing requirements by the Director-General of the National Treasury, by the appropriate authority, as contemplated in section 1 of the Financial Markets Act, in terms of section 11 of that Act or by the Financial Sector Conduct Authority;

[Definition of “REIT” inserted by section 2(1)(v) of Act 22 of 2012 effective on 1 April, 2013 and applicable in respect of years of assessment commencing on or after that date. Paragraph (b) amended by section 4(1)(zZ) of Act 31 of 2013, by section 1(1)(u) of Act 23 of 2018 and by section 2(1)(f) of Act 34 of 2019 and substituted by section 2(1)(o) of Act 23 of 2020]