Possession of Ammunition
The FCA states that a person may only hold ammunition for the calibre of firearms he or she has a license for - issued in terms of the FCA (Act 60 of 2000).
Occasional Hunters and Occasional Sports-Persons
Only 200 rounds of ammunition may be kept per licensed firearm at any given t
ime. This provision does not include ammunition bought at or fired at a shooting range.
An occasional hunter or sports-person may apply for a permit to hold more than 200 rounds for a specific firearm - download application form (SAPS 540 here)
Dedicated Hunters and Sports-Persons
There is no restriction on the amount of ammunition a person with dedicated status may hold per Section 16 licence s/he holds - s/he may also hold more than 2,400 primers per Section 16 licence s/he holds. One may apply to hold more than 200 rounds for all firearms not held under Section 16, with good motivation - downlaod SAPS 540 - Here.
But there are some grey areas in the FCA around this point - read these Newsletters and decide how you will act