"financial instrument"
includes—
| (a) | a loan, advance, debt, bond, debenture, bill, share, promissory note, banker’s acceptance, negotiable certificate of deposit, deposit with a financial institution, a participatory interest in a portfolio of a collective investment scheme, or a similar instrument; |
[Paragraph (a) substituted by section 7(1)(j) of the Taxation Laws Amendment Act, 2011 (Act No. 24 of 2011) - effective 1 January 2012]
| (b) | any repurchase or resale agreement, forward purchase arrangement, forward sale arrangement, futures contract, option contract or swap contract; |
| (c) | any other contractual right or obligation, the value of which is determined directly or indirectly with reference to— |
| (i) | a debt security or equity; |
| (ii) | any commodity, as quoted on an exchange; or |
| (iii) | a rate index or a specified index; |
[Paragraph (c) substituted by section 3(1)(a) of the Revenue Laws Amendment Act (Act No. 32 of 2004)
| (d) | any interest-bearing arrangement; |
| (e) | any financial arrangement based on or determined with reference to the time value of money or cash flow or the exchange or transfer of an asset; and |
(f) any crypto asset;
[Paragraph (f) substituted by section 2(1)(c) of the Taxation Laws Amendment Act, 2020 (Act No. 23 of 2020), GG44083, dated 20 January 2021]