beneficial interest

when used in relation to a company’s securities, means the right or entitlement of a person, through ownership, agreement, relationship or otherwise, alone or together with another person to—

a)receive or participate in any distribution in respect of the company’s securities;
b)exercise or cause to be exercised, in the ordinary course, any or all of the rights attaching to the company’s securities; or
c)dispose or direct the disposition of the company’s securities, or any part of a distribution in respect of the securities,

but does not include any interest held by a person in a unit trust or collective investment scheme in terms of the Collective Investment Schemes Act, 2002 (Act No. 45 of 2002);