8. Maximum Holding
(1) No person shall at any time hold or have any interest in Savings Certificates
with an aggregate purchase price of more than \120,000 (the “maximum
personal holding”).
(2) In the case of a joint holding of Savings Certificates by two or more persons,
such holding may include Savings Certificates of an aggregate purchase
price of not more than \240,000 provided always that each holder shall not
thereby exceed the maximum personal holding.
(3) Inherited Savings Certificates shall not be taken into account for the purposes
of this Rule except where the person holding such Savings Certificates
purchases or seeks to purchase further Savings Certificates after the date of
the inheritance
4) If the holder of specified securities purchases a Savings Certificate in an
amount equal to or less than the amount repayable in respect of such specified
securities and the purchase is made with effect from the date of the expiry of the
period for which the specified securities in question may be held as prescribed by
the National Treasury Management Agency (the “expiry date”), the Savings
Certificate so purchased shall not be taken into account for the purposes of this
Rule except where the person holding such Savings Certificates purchases or
seeks to purchase further Savings Certificates after the expiry date.