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Public Finance Management Act, 1999 (Act No. 1 of 1999)

Notices

Rate of Interest on Government Loans - 1 March 2022

Notice No. 864 of 2022

 

Notice No. 864

4 March 2022

GG 46000

 

National Treasury

 

It is hereby notified that the Minister of Finance has, in terms of Section 80(1)(a) and (b) of the Public Finance Management Act, 1999 (Act No. 1 of 1999), fixed the Standard Interest Rate applicable, from 1 March 2022 and until further notice, to loans granted by the State out of a Revenue Fund, and for to all other debts which must be paid into a Revenue Fund, at Seven, two five percent (7.50 %) per annum.

 

The above-mentioned Standard Interest Rate is applicable from 1 March 2022 and until further notice, to all drawings of loans from State money, except loans in respect of which other rates of interest are specifically authorized by legislation or the Minister of Finance.