Prescribed Rate of Interest Act, 1975 (Act No. 55 of 1975)2. Interest on a judgment debt |
| (1) | Every judgment debt which, but for the provisions of this subsection, would not bear any interest after the date of the judgment or order by virtue of which it is due, shall bear interest from the day on which such judgment debt is payable, unless that judgment or order provides otherwise. |
| (2) | Any interest payable in terms of subsection (1) may be recovered as if it formed part of the judgment debt on which it is due. |
| (3) | In this section 'judgment debt' means a sum of money due in terms of a judgment or an order, including an order as to costs, of a court of law, and includes any part of such a sum of money, but does not include any interest not forming part of the principal sum of a judgment debt. |