when used with respect to any person—
| a) | means a direct material interest of that person, of a financial, monetary or economic nature, or to which a monetary value may be attributed; but |
| b) | 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), unless that person has direct control over the investment decisions of that fund or investment; |