“an interest” means-

(a)     any real or statutory right; or

(b)     a share owned directly in a share block company as defined in the Share Blocks Control Act or a share or interest in a similar entity which is not a resident; or

[Paragraph (b) substituted by section 89 of Act 43 of 2014 effective on 20 January 2015]

(c)     a right of use or occupation,

but excluding –

(i)      a right under a mortgage bond; or

(ii)     a right or interest of whatever nature in a trust or an asset of a trust, other than a right of a lessee who is not a connected person in relation to that trust;