Public Finance Management Act, 1999 (Act No. 1 of 1999)Chapter 8 : Loans, Guarantees and other CommitmentsPart 2 : Loans by national government74. Repayment, conversion and consolidation of loans |
The Minister may, on such terms and conditions as the Minister may determine, and, when necessary, with the concurrence of the lender—
| (a) | repay any loan prior to the redemption date of that loan; |
| (b) | convert the loan into any other loan; or |
| (c) | consolidate two or more loans into an existing or new loan. |