Item

Column 1

Column 2

Categories or kinds of assets

Maximum percentage of aggregate market value of total assets of society

1.

Deposits with and balances in current and savings accounts in the Republic with an office of a deposit-taking institution or a mutual building society, including negotiable deposits, and money market instruments in terms of which such a deposit-taking institution or mutual building society is liable, including the paid-up shares of a mutual building society, or deposits and savings accounts with an office of the Post Office Savings Bank:

Per deposit-taking institution

20%

Per mutual building society

20%

Post Office Savings Bank

20%

2.

Krugerrands

10%

3.

Bills, bonds and securities issued or guaranteed by and loans to or guaranteed by—

Per local authority

20%

20%

(c)        Rand Water Board

20%

(d)        Eskom

20%

(e)        Land and Agricultural Bank of South Africa

20%

(f)        Local Authorities loans Fund Board

20%

4.

Bills, bonds and securities issued by and loans to an institution in the Republic, which bills, bonds, securities and loans the registrar approved in terms of section 20 (2) (h) of the Act before the deletion of that section by section 10 of Act No. 53 of 1989, and also bills, bonds and securities issued by and loans to an institution in the Republic, which institution the registrar likewise approved before this deletion:

Per institution

20%

5.

Bills, bonds and securities issued by the government of or by a local authority in a territory other than the Republic, which territory the registrar approved in terms of section 20 (2) (i) of the Act before the deletion of that section by section 10 of Act No. 53 of 1989, and also bills, bonds and securities issued by an institution in such an approved territory, which institution the registrar likewise approved before this deletion

20%

6.

Immovable property, units in unit trust schemes in property shares, and shares in, loans to and debentures, both convertible and non-convertible, of property companies, subject to the following limitation:

Investment in a single property or property development project

25%

5%

7.

Preference and ordinary shares in companies (excluding shares in property companies), convertible debentures, whether voluntarily or compulsorily convertible (but excluding such debentures of property companies) and units in unit trust schemes (excluding units in unit trust schemes in property shares and in unit trust schemes referred to in paragraph (d) of item 9 of this Annexure), subject to the following limitations:

75%

5%

(i)        With a market capitalisation of R2 000 million or less

10%

(ii)        With a market capitalisation greater than R2 000 million

15%

8.

Claims secured by mortgage bonds on immovable property in the Republic, debentures (listed and unlisted but excluding convertible debentures) and any other secured claims against individuals (excluding loans referred to in paragraph (c) of item 9 of this Annexure) and companies (excluding loans to and debenture of property companies), subject to the following limitations:

25%

(a)        Claims against any individual

0,25%

(b)        Claims against any single company

5%

9.

Any other assets not referred to in this Annexure, but excluding —

2,5%

(a)        money in hand in the Republic;

(i)        the provisions of section 20 (5) (b) of the Act; and