"REIT"
means a company that is a resident—
| (a) | 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; or |
| (b) | where that company meets the requirements and conditions set by the Minister of Finance by notice in the Gazette; |
[Definition substituted by section 1(1)(f) of the Taxation Laws Amendment Act 42 of 2024, Notice No. 5736, GG51826, dated 24 December 2024 - comes into operation with effect from a date determined by the Minister of Finance by notice in the Gazette (section 1(3))]