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"financial instrument"


(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 cryptocurrency;

[Paragraph (f) inserted by section 1(1)(c) of the Taxation Laws Amendment Act, 2018 (Act No. 23 of 2018), GG 42172, dated 17 January 2019]