"connected persons"

means—

(a)any natural person (including the estate of a natural person if such person is deceased or insolvent) and—
(i)any relative of that natural person (being a relative as defined in section 1 of the Income Tax Act) or the estate of any such relative if the relative is deceased or insolvent; or
(ii)any trust fund in respect of which any such relative or such estate of such relative is or may be a beneficiary; or
(b)any trust fund and any person who is or may be a beneficiary in respect of that fund; or
(c)any partnership or close corporation and—
(i)any member thereof; or
(ii)any other person where that person and a member of such partnership or close corporation, as the case may be, are connected persons in terms of this definition; or
(d)any company (other than a close corporation) and—
(i)any person (other than a company) where that person, his spouse or minor child or any trust fund in respect of which that person, his spouse or minor child is or may be a beneficiary, is separately interested or two or more of them are in the aggregate interested in 10 per cent or more of the company's paid-up capital or 10 per cent or more of the company's equity share capital (as defined in section 1 of the Income Tax Act) or 10 per cent or more of the voting tights of the shareholders of the company, whether directly or indirectly; or
(ii)any other company the shareholders in which are substantially the same persons as the shareholders in the first mentioned company, or which is controlled by the same persons who control the first-mentioned company; or

[Paragraph (d)(ii) substituted by section 128(1)(b) of the Taxation Laws Amendment Act, (Act No. 25 of 2015)]

(iii)any person where that person and the person referred to in subparagraph (i) or his spouse or minor child or the trust fund referred to in that subparagraph or the other company referred to in subparagraph (ii) are connected persons in terms of this definition; or
(e)any separate enterprise, branch or division of a vendor which is separately registered as a vendor under the provisions of section 50 and any other such enterprise, branch or division of the vendor, or
(f)any branch, division or separate enterprise of an association not for gain which is deemed by subsection (5) of section 23 to be a separate person for the purposes of that section and any other branch, division or separate enterprise of that association, whether or not such other branch, division or separate enterprise is a vendor, or
(g)any person and any superannuation scheme referred to in section 2(2)(vii), the members of which are mainly the employees or office holders or former employees or office holders of that person;