INFLATION LINKED RSA RETAIL SAVINGS BONDS
Contents
1. Junowe eyde gt eulbio au UO payejnd ed aq skemye Wi zuan pe eude gt uoneyu aya 6007 19q0120 LE SEM UDIYM ponad JUAWAed 159191U1 1x9U JY 01 JOU ajep ISP Y UO PAUILWAJEp SEM 3181 I59191U1 Buneo y Burn rensid IYL y 19714 7 57Xx8S5 160018 Z unowe jeyde gt uoneyu parsnip V 85160 OLY 00 000 OLY X Z 60L ZOLL 1 o Wan JuaWsn pe jeyded UOIeYul INOA ZOLL SEM enuo y 104 UOIPUOD pue SUA AY 01 Jl O LOZ eW LE UO Se 4 adUalajal ay 972 Od1 4U O pasn SI yDeq SYJUOLU E pue SyJUOW F JO LIJEP 4 adualajal APP BY JO 4 SUIS BY UBYM DLOZ Ap LE UO T 60L USaq aney PINOM 4D JSV INOA puog sHulAes Weien ven paxur UONeyu JeaA g e Ul 6007 19quISaag ul 00 000 OLY Pa1sanul pey NOA aide eAoge ay uo paseg GEE 00 DOE DOE ooe DOE DOE 00 DOE DOE OO E DOE Gl 4A OL BUneo SET OST OSE OSE ose ose 058 OST OS OS OST OST I 44S Buneoj 00 C SEE SCC GG SGG SETE SETE SETE SEE SEE SGC SGC GIA E Buneo SE 09E Ove DCL OSE OLE OC Vv 09 v 087 OL S OLS 079 oley Id 4 DOE GLE GE SE SE GLE GLE Osc OSC OSC ose ose gI 4A OL Buneoj ose OSE OET ose ose OSE OSZ SE SER SEE SE SAG al 4A S Buieo SETE SEE SCC Sa SGG SETE SETE OSC OSC OSC OSC OSC FIA E Buneo 0 9 08 S 06 S 019 079 0729 069 00 8 078 058 098 018 ey 1d 319VL XAGNI IdD After each capital adjustment adjustment for inflation a floating rat2. RSA Retail Savings Bonds office d Estate Duty It is the responsibility of the person administrating the estate to ascertain the rights they have and establish the implications of estate duty as prescribed by the South African Revenue Service and comply with any other legal requirements of the Republic CONTACT DETAILS Phone 0123155888 Fax 012 315 5675 5314 Website www rsaretailbonds gov za Email address queries rsaretailbonds gov za Physical address 240 Vermeulen Street Cnr Andries and Vermeulen Streets Pretoria 0002 The helpline is available from 08h00 to 18h00 on weekdays and from 08h00 to 13h00 on Saturdays TERMS AND CONDITIONS OF PURCHASE OF THE RSA RETAIL SAVINGS BOND By completing the Application Form you will be agreeing with the National Treasury as set out in these Terms and Conditions of Purchase 1 Save where the context requires otherwise the terms used in these Terms and Conditions of Purchase bear the same meaning when used in the Republic of South Africa RSA Retail Savings Bond User Manual and the Terms and Conditions of Issue 2 By completing and signing an Application Form you 2 1 are purchasing from the National Treasury the RSA Retail Savings Bond to the value of the amount that you have specified on your Application Form being the amount which you wish to invest in the RSA Retail Savings Bond provided that your purchase must be for a minimum of R1 000 00 one thousand Rand for each
3. the National Treasury may in its absolute discretion require verification of identity from any person lodging an Application Form who appears to the National Treasury to be acting on behalf of some other person In all cases verification of the identity of the applicant may be required In addition in the second case verification of the identity of any persons on whose behalf the applicant appears to be acting may be required Failure to provide the necessary evidence of identity may result in your application being rejected or in delays in the processing of the application Application Forms must be completed in accordance with the provisions of these Terms and Conditions of Purchase and the instructions set out in the relevant Application Form Each application will be regarded as a single application To the extent permitted by law all representations warranties and conditions express or implied and whether statutory or otherwise including without limitation but excluding any fraudulent representations are expressly excluded in relation to the RSA Retail Savings Bond by the National Treasury The rights and remedies of the National Treasury under these Terms and Conditions of Purchase are in addition to any rights and remedies which would otherwise be available to the National Treasury in law You agree that all applications shall be governed by and construed in accordance with South African law and that you submit to
4. R S AN S 7 RETAIL SAVINGS BONDS It s the smart way to save ez ai Ste national treasury Lo Dama A Department Si N National Treasury KS REPUBLIC OF SOUTH AFRICA RETAIL SAVINGS BONDS It s the smart way to save INFLATION LINKED RSA RETAIL SAVINGS BONDS AZ national treasury a 2 Naiona Tr reasu ry UWI Ze REPUBLIC OF SOUTH AFRICA Please note that this brochure only provides a basic introduction to the Inflation Linked Retail Savings Bond Series We recommend that you contact the National Treasury should you require more detailed information Tel 012 315 5888 eMail queries rsaretailbonds gov za Inflation Linked RSA Retail Savings Bonds are the safest way to ensure you keep up with the rising cost of living The capital you invest in Inflation Linked RSA Retail Savings Bonds will be adjusted for inflation every six months over the various terms Your investment will also earn additional interest at a floating coupon rate WHY CHOOSE THIS PRODUCT Inflation protection for investors Safe no risk Backed by Government Affordable Convenient OTHER FEATURES OF INFLATION LINKED RSA RETAIL SAVINGS BONDS Non transferable Non tradable No monthly interest payments No capitalisation of interest payments received WHO CAN INVEST Any person with a valid South African identity number and a bank account at a South African bank can invest in the RSA Retail Savings Bonds If
5. RSA Retail Savings Bond 2 2 agree that your application may not be revoked by you once it has been submitted to the National Treasury 2 3 undertake after receipt of Notice to effect payment of the relevant Capital Amount for the RSA Retail Savings Bond in respect of which your application is lodged 24 warrant that 2 4 1 when depositing a cheque into the Designated Bank Account it will be a Bank Guaranteed Cheque You agree that if your cheque is not a Bank Guaranteed Cheque you will not be entitled to be registered as a Registered Holder in respect of the RSA Retail Savings Bond applied for or to enjoy or receive any rights or interest in respect of the RSA Retail Savings Bond unless and until you make payment in cleared funds and such payment is received by the National Treasury You indemnify the National Treasury against all costs damages losses expenses and liabilities arising out of or in connection with the failure of your remittance to be honoured on first presentation 2 4 2 you are in possession of a valid South African identity number 243 if you sign an Application Form on behalf of somebody else you have the authority to do so and that such other person will be bound accordingly and will be deemed also to have given the confirmations warranties and undertakings contained in these Terms and Conditions of Purchase and you undertake to enclose your power of attorney or any other authority or a duly certified copy thereo
6. a minor a person younger than eighteen years of age applies for an investment the application form must be countersigned by a parent or legal guardian Minimum purchase ZAR 1 000 00 one thousand rand Maximum purchase ZAR 5 000 000 00 five million rand each deposit constitutes a single investment Investment terms 3 years 5 years 10 years Interest dates 31 May and 30 November of each year HOW THIS BOND WORKS Inflation Linked RSA Retail Savings Bonds give you the peace of mind of knowing that the value of your savings will stay ahead of rising costs Your investment in these bonds will increase in value every six months in line with inflation being the general increase in prices as measured by the Consumer Price Index announced by Statistics South Africa This process is known as index linking In addition to this inflation adjustment on the amount invested you will also earn further interest on your investment payable on specific interest payment dates The investment will earn interest at a six monthly floating real interest rate this is the difference between the nominal interest rate and CPI rate This rate is derived from Government s Inflation Linked Bonds Yield Curve as traded on the JSE Johannesburg Stock Exchange and calculated separately by the National Treasury for the various terms The combination of index linking and a floating interest earned on Inflation Linked Retail Savings B
7. ar EARLY WITHDRAWALS Withdrawal of your investment before the end of the full maturity period will only be allowed one year after the date that your payment is received However note that a penalty is payable on the early withdrawal amount The penalty is calculated as follows a 1 X 1 b where af the total amount of interest received on the early withdrawal amount including the interest payable at the early withdrawal date and b is the total number of times that interest was received on the early withdrawal amount including the interest payable at the early withdrawal date The penalty is effectively equal to one interest payment on the early withdrawal amount The National Treasury reserves the right within its sole and absolute discretion but only under extraordinary circumstances to allow early withdrawals prior to one year However all interest received on the early withdrawal amount will be forfeited if such early withdrawal request is approved RESTART OPTION There is no Restart option with the Inflation Linked RSA Retail Savings Bonds This is only applicable to the Fixed Rate RSA Retail Savings Bonds See the relevant brochure for further details HOW DO I GET STARTED You will need A valid South African identity book driver s licence or passport will not be accepted Your personal banking details A complete application form except if applications are done by telephone An a
8. be retained by the National Treasury and any interest accrued on such funds will be retained by and for the benefit of the ational Treasury Should your bank account details not be correct monies will be retained by the National Treasury until claimed by you No interest will be payable on such retained monies By completing an Application Form you confirm that in making an application neither you nor any person on whose behalf you are applying is relying on any other information or representation in relation to the National Treasury except such as is contained in the Manual and the Terms and Conditions of Issue and you agree that neither the Government the National Treasury any member of the National Treasury or any person acting on its behalf or any person responsible for the Manual or the Terms and Conditions of Issue or any part of them shall have any liability for any such information or representation not contained in the Manual or the Terms and Conditions of Issue and Lu DI 5 2 acknowledge that no person is authorized in connection with the Retail Bond to give any information or to make any representation other than as contained in the Manual and if given or made any information or representation must not be relied upon as having been authorized by the National Treasury By completing and signing the Application Form you will be deemed to have agreed to be bound by the Terms and Conditions of Issue You agree that
9. e is calculated A different floating interest rate may apply to each maturity period i e the three five and ten year bonds will have a different floating interest rate Please note that both the CPI rate and the floating interest rates could and may change every six months The mos be available on the RSA Retai website www rsaretai interest rates wil The important RSA Retail Savi against inflation n floating interest inked bonds w nen bonds gov za thing to remember with the g Lo and will always outperform recent floating Savings Bond nflation Linked Bonds is that your investment is protected information on Tax will be paid his series of bonds for the tax year as and when interest is o the capital investment Capital gains tax is not applicable he Inflation Linked RSA Retail Savings Bonds For the Inflatio Linked Bonds all interest earned the capital adjustment an interest payable will be treated as normal interest for Sou Africa tax purposes inflation by the rate Investors consider investing in i the expectation for rising inflation However if inflation is decreasing it is better to fix your ra see brochure on Fixed Rate RSA Retail Savings Bonds nflation is high e for more payable O n d h Inflation Linked Bonds are well suited for saving over longer terms such as saving for retirement saving for a child s education or simil
10. etail Savings Bond portfolio Your investments cannot be separated per beneficiary all investments shall be divided and paid equally where there is more than one beneficiary The nominated beneficiary s or executor shall receive payment within 20 days of receipt by the National Treasury of the required documents i e death certificate letter of executorship etc a Where there is no will i Using a duly hand signed Beneficiary Nomination Form the nominated beneficiary s shall have the funds invested by the deceased paid in full to the said beneficiary s equally Full receipt of certified copies of the deceased s death certificate the beneficiary s identity document s and personal bank statement s and proof of address s are required b In terms of a will i ii n the event of a beneficiary not having been nominated he invested funds will be paid in full at the instruction of he executor and paid into an account as determined by he executor However a letter of executorship issued by a aster of the High Court of the Republic is required before he National Treasury can register the RSA Retail Savings Bond s in the name of the deceased estate and pay the invested funds Where a beneficiary has been nominated paragraph a i above will apply c Validity i A beneficiary shall be considered valid on receipt of the duly hand signed Beneficiary Nomination Form and is recorded electronically by the
11. f and 244 you are not engaged in or utilizing funds from a person engaged in money laundering and that all information and particulars provided by you on the Application Form concerned is true and correct 2 5 agree that 2 5 1 at any time prior to unconditional acceptance by the National Treasury of payment the National Treasury may without prejudice to any other rights it may have in law terminate the issuance of any or all of the RSA Retail Bond Series without any liability of the National Treasury to you or any other person s in which case you or any third party will have no claim for any loss or damage of whatsoever nature however arising against the National Treasury as a result of such non issuance me ig 5 1 252 253 2 5 4 255 on request by the National Treasury you shall disclose promptly in writing to the National Treasury such information as the National Treasury may request in connection with your application and authorize the National Treasury to disclose any information relating to your application which it may consider appropriate to any authority entitled in law to such information if at any time you are found to have made application with an incorrect or invalid identity number and evidence of identity satisfactory to the National Treasury is not provided to the National Treasury on request including the provision of a valid identity number or your Application Form is not completed co
12. mount of not less than R1 000 If you are under 18 years of age you will also need Your parent or legal guardian s signature on the application form or Your marriage certificate or Proof that you have been granted majority status in terms of the Children s Act Act No 38 of 2005 HOW DO I INVEST Step 1 Register provide your personal details Where Any branch of the South African Post Office RSA Retail Savings Bond website www rsaretailbonds gov za Directly at the National Treasury 240 Vermeulen Street Cnr Andries and Vermeulen Streets Pretoria 0002 Telephonically 012 315 5888 Step 2 Apply select bond and maturity Where Any branch of Pick n Pay Any branch of the South African Post Office RSA Retail Savings Bond website www rsaretailbonds gov za Directly at the National Treasury 240 Vermeulen Street Cnr Andries and Vermeulen Streets Pretoria 0002 Telephonically 012 315 5888 Step 3 Pay How Any branch of Pick n Pay Any branch of the South African Post Office Internet banking Direct deposit at the bank CONFIRMATION OF INVESTMENT PROOF OF OWNERSHIP AND REGISTRATION OF BONDHOLDERS An official letter will confirm your investment s If a confirmation letter is not received within one week please call the helpline on 012 315 5888 DEATH OF A BONDHOLDER Nomination of beneficiary You can nominate one or more beneficiary s a maximum of 10 natural persons for your RSA R
13. onds means that your savings are guaranteed to grow ahead of the rate of inflation HOW ARE INTEREST PAYMENTS CALCULATED The Inflation Linked RSA Retail Savings Bonds offer inflation protection growth on capital invested until maturity and a real floating interest rate payable semi annually on the inflation adjusted capital Once you invest you will receive your BASE Consumer Price Index CPI this is the reference Consumer Price Index CPI as determined by STATSSA and calculated on the day you invest Your capital will be adjusted upwards by multiplying your capital amount by the reference CPI on calculation date which is the interest payment date either May or November and dividing it by your BASE CPI To calculate your interest payable the inflation adjusted amount capital is then multiplied by the applicable or prevailing floating interest rate as determined on the last day prior to the next interest payment period This is then divided by 2 two as interest is payable semi annually The interest as calculated will be paid on the interest payment date directly into your bank account Past figures are used for a working explanation of interest calculation and inflation adjustments In the CPl Index table below the interest payment months of May 31 and November 30 are marked in red Stuaunsn pe uonpuu e jo uonesieydes au aye1odJODU Apeayle Wii sajep aNNJ UW adualajal Y Se 00 000 OLY a dwexa siy ul
14. rrectly or is incomplete or you do not provide a Designated Bank Account or if the accompanying deposit is for the wrong amount or where you are under the age of 18 eighteen and your application is not signed by your parent or guardian the National Treasury may decline your application and return your application monies by direct deposit into the bank account set out in your Application Form You agree that in such event you will have no claim against the National Treasury or any of its officers agents or employees in respect of your application or for any loss arising there from having had the opportunity to obtain and read the Manual you shall be deemed to have noted all information and representations concerning the Retail Bonds contained in the Manual and any returned monies will be electronically credited to the account reflected on your Application Form without any interest accruing thereto f you have signed the Application Form on behalf of anyone else then is your principal who is party to these terms and conditions and all eferences to you must be read as being references to your principal In his event you undertake to enclose with your application the original or a certified copy of the relevant power of attorney failing which your application may be rejected your application is not acceptable the amount deposited will be deposited into your account as set out in the Application Form In the meantime all monies will
15. the non exclusive jurisdiction of the South African courts and agree that nothing shall limit the right of the National Treasury to bring any action suit or proceedings arising out of or in connection with any such application in any other manner permitted by law or in any court of competent jurisdiction You authorize the National Treasury and its agents to do all such things necessary to effect entry of your name onto the Register Your application constitutes your offer to purchase from the National Treasury the RSA Retail Savings Bond selected on your Application Form ngisa Fuzile RECTOR GENERAL National Treasury 20 11 CG al Aa
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