On $1$ May $2023,$ Vusi Maseko, purchased $1700$ shares in a South African company listed on the JSE for R$50$ per share. Vusi is not a share dealer and his intentions are to hold these shares for investment purposes. As Vusi did not have enough money to purchase the shares, he borrowed R$50000$ from CapiBank, a South African bank, in order to purchase these shares. For the $2024$ year of assessment he paid interest of R$5400($which was correctly calculated$)$ in respect of this loan.

Select the correct statement regarding the interest.

The interest will be deductible in terms of s$11($a$)$ read with s$23($g$)($general deduction formula$)$

The interest will be deductible in terms of s$24$J as Vusi is an issuer of an instrument

The interest will not be deductible in terms of s$24$J as it capital in nature

The interest will not be deductible in terms of s$24$J read with s$23($f$)$ as it is not in the production of income

The interest will be included in Vusi's gross income in terms of s$24$J as Vusi is a holder of an income instrument

None of the above