RSA - Defence Bonus Bonds

A

atomcrusher

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While going through old documents to see what I can gooi weg, and what I must keep, I came across a wad of Republic of South Africa Defence Bonus Bonds / VerdedigingsBonusObligasie of various denominations.

Of course I'm giving away my age here, but these were all bought in the 1970s & '80s whenever my wife (now "late") & I had a few spare RR's to invest. This was at at time when we were earning around R150 pm each.

They were supposed to earn a 5% p.a. interest rate back then :erm:

So, I guess I am aiming this post at the 60+ age group MyBB members (are there any here?), but I am wondering if anyone knows if they can still be redeemed, and if so, how.

All the Bonds I have total about (face value) R1,000 ... if they are still valid that R1,000 should now, with compound interest, be worth around R7,000

If the informed opinion is that they are no longer valid, i.e. they have been de-monetarised, then I can use them to start my next braai, or to wallpaper my Pub wall.
 
Not sure of the terms of the bonds but generally once the bonds expire, the bond holder only keeps unclaimed money for a certain period of time following which the money is claimed or paid over to the Guardians Fund.

Did some limited google research - see a 1981 bond went for R15 on BoB. http://www.bidorbuy.co.za/item/22345981/R5_DEFENCE_BONUS_BOND_1981.html

See here too:

http://www.polity.org.za/polity/govdocs/pr/1996/pr0104b.html

These bonds must be clearly distinguished from Bonus Conversion Bonds (previously National Defence Bonus Bonds) and the Bop Bonds of the former Republic of Bophuthatswana. Holders of Bonus Conversion Bonds may still surrender their certificates for redemption at South African Post Offices which cononds must be forwarded to the Department of Finance, North West Province, P.O. Box 5555, Mmabatho, by registered mail.

ISSUED BY THE DEPARTMENT OF FINANCE

Enquiries: Mrs N van der Merwe, tel (012) 323-1703 ext. 260.
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See this post in another forum: http://www.oranjemundonline.com/Forum/index.php?topic=1125.0

I recall them so well . it was one way in which I could save .. the prospect of winning a prize was the carrot .. I think they also had a token interest rate attached as well .. its pretty much like the FNB Million a month account , also a token interest rate , 32 day call but with the prospect of a whopping prize .. but anyhow even if you won 50 000 its better than wining nothing hey ?? ..
Anyhow I recall when I was buying the first house in the early 80's that R 3000 that I had in Defence bonus bonds came in handy ,, I cashed them in and used as part of down payment for house .. I remember there was a big information drive when they were about to be discontinued to inform people that they had to cash them in or else they would become worthless ...........
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