National Sport and Recreation Act, 1998
R 385
"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; |
[Paragraph (b) substituted by section 2(1)(o) of the Taxation Laws Amendment Act, 2020 (Act No. 23 of 2020), GG44083, dated 20 January 2021]
