Page 19 - Chapters 17 & 18 - Dividends & Dividend Tax
P. 19
Excluded From Definition
Of Dividend – (3)
O If a co that is listed on the JSE re-purchase its own
shares in terms of s 5 of the “JSE Limited Listing
Requirements” the consideration paid by the company
in return for the shares will not constitute a dividend in
the hands of the S/H.
