"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]