“trust” means any trust fund consisting of cash or other assets which are administered and controlled by a person acting in a fiduciary capacity, where such person is appointed under a deed of trust or by agreement or under the will of a deceased person, and includes a portfolio of a collective investment scheme and a portfolio of a hedge fund collective investment scheme;

[Definition of “trust” inserted by section 2(i) of Act 141 of 1992 and substituted by section 1(1)(k) of Act 42 of 2024]