Cricket South Africa had earlier announced that anyone in the stands catching a sixer with one hand before it bounced would qualify for the huge bounty.
Multiple qualifiers would share the million rands at the end of the tournament.
Friends of Liam Banks, a pupil at St.Davids College in Johannesburg, was overjoyed when he caught a sixer hit by Henry Davids in the opening game of the tournament at the Wanderers Stadium here on Saturday.
Banks will only turn 18 in four months' time.
Even Davids balled his fists in congratulations from the field as Banks caught his ball,with the thought of having more money than he could ever dream of having Banks jumping up and down in excitement as his friends around him congratulated him as well.
But the dream became a nightmare very quickly when the smiles on Banks's face turned to shocked disappointment.
Although Banks said he was not aware of the rules, spokesman for the organisers Neil Jankelowitz said the rules, including the age restriction, were repeatedly announced on the public address system at the stadium.
A day later, 15-year-old Arno Kotze found himself in the same situation when he caught a six hit by Chris Gayle at the second match in the series.
